MaxCap investor groups face off over stalled Byron Bay project
Primrose RiordanAssociate Editor
Two groups of investors funding MaxCap’s troubled luxury apartment project in Byron Bay are in dispute about the future of the development that could ultimately end in some backers losing money.
The private credit firm is a major backer of commercial real estate development across the country through both debt and equity.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
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