476 hectare estate on the Gold Coast c 1,500 lots 70% of which had been sold. Also included commercial buildings, a marina, future stages and a management business. Two lenders involved over different assets. Managed retail precinct, marina and management business and sale of completed lots. All assets sold above valuation.
Master Planned Estate of 203 hectares in Bundaberg QLD which included a PGA 18 hole golf course operating at a loss. Complicated asset which led to various purchasers withdrawing during due diligence period. Completed sewerage works, restructured golf course and eventually sold the whole asset which resulted in a part repayment of senior debt within 18 months.