- Two well-known Christchurch real estate companies have merged.
Grenadier Real Estate Ltd, which has several offices in Canterbury, has bought 50 per cent of Riccarton-based Phoenix Real Estate Ltd. Both companies are Harcourts franchises.
The merger comes in the wake of controversy surrounding former Phoenix employee, Christopher Heaps, who fled the country leaving behind a trail of angry people owed more than $150,000 by his precious metal trading business.
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