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The financier, the developer and the stoush that threatens 1000 units

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Bensons Property Group called in administrators on the day a fund managed by Macquarie Private Bank’s former head Guy Hedley tipped the developer with a near $1.5-billion pipeline into receivership.

The Melbourne developer – which has total debts of about $812 million according to documents filed to the corporate regulator – went into voluntary administration on December 27, the same day QCAX Australia Property Income Fund II appointed receivers to Bensons to protect the repayment demands of its investors.

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Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com

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    Original URL: https://www.afr.com/property/commercial/the-financier-the-developer-and-the-stoush-that-threatens-1000-units-20250121-p5l5zw