Don Ha Real Estate Ltd Terminated

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The Ray White Group confirms that based on further information received over the past weekend, it has made a decision to remove itself from the receivership process and immediately terminate Don Ha Real Estate Ltd as a member.

Grant Thornton was appointed as receiver of Don Ha Real Estate Limited, a franchise of Ray White, on March 17.

Ray White New Zealand CEO Carey Smith says, “Our original intention was to assist in the receivership process. However, more information has since come to light, and we now of the opinion that our involvement would not be advisable. We have confidence that the receiver can achieve the best possible result for all parties, and we support their appointment.”

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