Major Jacks Point property developer goes into liquidation

A property developer linked to some of the largest construction projects at Jacks Point near Queenstown has gone into liquidation.

Formcrete Construction Ltd went into liquidation on June 25, with Baker Tilly Staples Rodway of Auckland appointed as liquidators.

The company was formerly known as Falconer and Co. Ltd up until 2022. According to the Companies Office, Dean Franklin is the sole director and a shareholder. The only other shareholder is a company owned by Lance Morrison.

Until it was taken offline earlier today, Formcrete’s website showed a total of nine large scale multi million dollar Jacks Point projects in its portfolio.

• The nine projects listed on the Formcrete website – with a combined value of many tens of millions of dollars.

Crux approached Mr Franklin for comment today but received no response. A contact email address on the website was answered by a former General Manager, Marty Price, who said he had had no connection with the company for the past 12 months.

• The Formcrete website had listed Mr Price as the main point of contact.

The first liquidator’s report is due to be filed with the Companies Office on 2 July 2025.

Many of the properties that were detailed on the Formcrete Construction Ltd website are still being actively marketed to potential buyers via www.falconer.nz and Falconer Real Estate – a company run by Julia Franklin and Willie Baddeley.

The Falconer Real Estate website shows property prices ranging from $1.25 million to $2.3 million with many being listed as “price on application.”

One of the projects, the Village Works Quarters is listed as being 50% sold.