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

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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.

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