Grant Thornton named receivers of New Aberdeen townhouse project in Glace Bay


Grant Thornton has been named as receivers for an energy self-sufficient townhouse project in the New Aberdeen area of Glace Bay, Nova Scotia, reports Cape Breton Post.

Peter Wedlake, a trustee and partner in Grant Thornton, said loans on townhouses were in default, one of the lenders applied to the courts to have a receiver named to take possession, and his firm was appointed.

The New Aberdeen Garden Townhouses project, which is now up for sale, will receive electricity from renewable energy sources including a geothermal system for the main heat source and a 50-kilowatt (kW) windmill and solar panels.

The New Aberdeen Garden Townhouses, which is being developed, is a 16-unit townhouse project consisting of two rows of eight two-bedroom townhouses with a central courtyard. The project sits on about 3.7 acres of land.

Luciano Lisi and his wife Christine Kavanagh were owners of the townhouse development.

Read More


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.