PHOTO: JOHN ANTHONY/STUFF – The failed Maritime Apartments site in Auckland.
Failed Auckland company Maritime Apartments has sold its Anzac Drive site near the waterfront for $17.5 million after buying it for $5.5m in early 2016.
Owned by developer Martin Kells, the company was placed in receivership in May by its funder Newgate Capital in May on a debt of $4m.
The apartments never went ahead and the BDO receivers repaid deposits that buyers had made.
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