Times have not been easy for Ted Sent. Having sold Primelife but retained as Managing Director, he was subsequently sacked in 2003 when discovered bugging the board meetings. In 2006 the tax office hit him with a $2.6 million bill for tax evasion. Now he has a bill of $4.3 million and ordered to pay an extra $3.3 million in interest. All this on top of his Beachmere Sands development north of Brisbane with plans for 1,100 ILUs gong into receivership last year. It was purchased from
Retirement living for the “well-heeled”: Residents begin to move into Retirement by Moran’s second venture: Sage in Cronulla
Shane Moran, the Founder and Chief Executive of Retirement by Moran, concedes admission to his residences is “not inexpensive”. Sage is an eight-storey development of 37 two- and three-bedroom apartments. The art-deco- meets-coastal-chic...