Northeast Developments Pty Limited
Distressed Management of 8,000spm of retail located in Toongabbie with $50m of senior debt and $2m of unsecured debt at the time of the appointment. The retail centre had major defects, a 70% vacancy and an unviable residential development. The property was managed to fix issues which resulted in the property being sold at a 40% premium to valuation within 12 months.