Receivers have been appointed to two more companies in Wellington property developer Terry Serepisos' empire.
Grant Thornton's David Ruscoe and Richard Simpson were appointed receivers of Century City Trust and Century City Holdings on September 30, according to documents filed to the Companies Office.
Century City Trust was the entity Serepisos flagged would receive two loans worth $US20 million ($NZ26 million) from a Hong Kong merchant bank in his final, and unsuccessful, bid to avert bankruptcy last week.
A spokesperson for Grant Thornton's Wellington office confirmed the appointment, but said they couldn't comment further.
The latest receivership means three different firms are overseeing the wind-down of the property empire so far. PricewaterhouseCoopers' John Fisk and Richard Longman are receivers for Maisno Property Holdings and 79 Manners St Ltd.
Deloitte's Barry Jordan and Richard Vance were appointed receivers and managers of Century City Investments, whose biggest asset was Serepisos' ASB Tower headquarters in Wellington.
Serepisos, who had a property portfolio of 150 homes and more than six commercial buildings, owed lenders $204 million before being declared bankrupt.
Two weeks ago, he relinquished his licence for the Wellington Phoenix Football club in Australia's A-League, which was taken over by a consortium of Wellington businessmen.
NZN