Is Bankwest being told to appoint administrators to all its problem villages?

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It appears that Bankwest support for distressed villages has finally come to an end. Administrator Grant Thornton has been appointed to Greenleaf Belmont and Greenleaf Wyee on NSW’s Central Coast. They took over the village last Friday and had to handle – as Manager – a violent sexual assault on the Saturday. It is open knowledge that Bankwest parent, the Commonwealth Bank, just does not want to be in the village space. Rumour has as many as 30 villages could fall, which will hit valuations hard.

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