Mike Pero has resigned from the real estate company that bears his name. Photo: SuppliedWell-known Christchurch-born businessman and entrepreneur Mike Pero has exited his ownership of the real estate business which still bears his name. Companies Office records show Pero resigned as a director of Mike Pero Real Estate on October 20 and his company MPZ One ended its ownership of the business on November 4. The settlement was reached during the final stages of a High Court case that saw Mike Pero Mortgages attempting to claw back $2.2m (or $2.4m with interest) it says Mike Pero overpaid himself. Fourteen years on, Liberty now owns 100 per cent of Mike Pero Group, which includes its mortgage, insurance, finance and real estate businesses.

Source: Otago Daily Times November 30, 2020 02:03 UTC