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NextDC plugs debt hole, slams Bankwest's hasty exit

Nick Lenaghan

Craig Scroggie, managing director of data storage operator NextDC, has slammed Bankwest for "aggressive enforcement" and "fee-grabbing behaviour" after the bank issued a default notice for a $29 million facility to a property trust the digital powerhouse has taken over.

Mr Scroggie has doubled down on his previous lambasting of the bank and upped the ante, calling in Deloitte to investigate the property trust's banking records, potential misappropriation of funds, and its dealings with Bankwest.

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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com

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    Original URL: https://www.afr.com/property/nextdc-plugs-debt-hole-slams-bankwests-hasty-exit-20181102-h17f0s