Bluestone Group was established in 2000 in Australia and expanded to New Zealand in 2003 as a specialist financial services lender and portfolio manager. Bluestone has provided over $5 billion of loans to over 20,000 Australians and New Zealanders, and currently manages a portfolio of approx. $2.5b in Australia and $450m in New Zealand. Bluestone is owned by a number of private and institutional shareholders including Bank of Scotland International, UK fund manager, Cambridge Place and Crescent Capital and management.
Due to the current conditions in the global markets, Bluestone is not currently writing new loans in New Zealand. We are continually monitoring funding conditions however, and we intend to resume lending as soon as we feel it is prudent to do so.