The administrators of the country’s biggest mixed-used residential project, the Sth Bnk development in Melbourne, have asked for approval to go ahead with the sale of the site and use the proceeds to pay back creditors.
The administrators of the vehicle that developer Beulah International put into administration last month have also told creditors, in filings on Friday, that the entity may have been insolvent since at least the start of 2024.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
