PHOTO: SUE WILSON/STUFF Colliers agents Grant Lloyd, pictured, and Philip Nevill always accepted they failed a client over a commercial property deal in Palmerston North, but appealed against the sum they were ordered to pay out.
Two senior commercial real estate agents, who failed to keep a client fully informed about interest from New Zealand Post in a building they were selling, have managed to shave $62,000 off their legal bill to the now-former client.
However, they are still left with a six-figure payout to deal with.
Colliers International agents Grant Lloyd and Philip Nevill have been embroiled in court action with Pangani Properties Ltd since 2014 over a Palmerston North commercial property deal.
The agents never denied they failed to act in the best interests of the company, but Pangani took them to court to claim lost potential earnings and commission from the property.
READ MORE:
* Senior real estate agents’ bill to former client gets bigger, but appeal pending
* Colliers agents ordered to pay former client nearly $1m
* Real estate agent who sent faeces has appeal dismissed
The property was on Malden St, Palmerston North, which New Zealand Post ended up moving into.
READ MORE VIA STUFF