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Property Management

Ca'Bella in receivership - $30m work on 5 projects stopped

High-rise building specialist Ca'Bella Construction has been placed in receivership at the behest of its bankers, ending the dream of a former Hartner Construction chief.

Wednesday, February 05th 2003

Work was shut down at five building sites in Auckland yesterday. Security guards were posted at the gates, locking out workers.

Ca'Bella had at least $30 million worth of building on the go, including two 18-level towers in the city - one between Wyndham St and Durham Lane, another at Whitaker Place. It had nearly finished two jobs in West Auckland and one in Manukau.

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