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Wingate puts Merhis’ Parramatta tower into receivership

Michael Bleby
Michael BlebyDeputy property editor

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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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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

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    Original URL: https://www.afr.com/property/commercial/wingate-puts-merhis-parramatta-tower-into-receivership-20220613-p5atai