St Lukes has finally bowed out of its ocean side retirement village and aged care developments at Little Bay, in the Eastern Suburbs edge of Sydney. Their aged care facility was arguably one of the citys best designed but St Lukes struggled to fill it. About two years ago they sold it to sister and brother, Barbara and Mark Moran, who quickly filled it at premium prices reportedly with bonds up to $800,000. From the outset St Lukes also struggled with sales of the prestige vertical retirement village development with great ocean views. Finally they called in Karen Mattingley to finish the sales program successfully. Now they have sold it to Lend Lease.
Five Prime Trust directors found to a breach their duties when handing over $33 million to Bill Lewski
Corporate watchdog ASIC was successful in the Federal Court, obtaining a ruling that the five former directors of Prime Trust are liable for breaching their duties as officers of the trust APCHL. They agreed to the amendment of the Constitution of...