Wingate puts Merhis’ Parramatta tower into receivership
Financier Wingate has put a Parramatta residential project that was hit last year with a prohibition order by the NSW Building Commissioner into receivership, taking it out of the hands of developer Merhis Group.
Wingate, the provider of a senior debt facility to Merhis’ Imperial project at 9 Hassall Street, appointed Deloitte’s Jason Tracy, Sam Marsden and Tim Heenan as receivers and managers of the 179-unit apartment project earlier this month.
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