Thursday, 28 July 2011

Top Ryde. Unsecured creditors do a deal

Unsecured creditors to the collapsed company behind the $800 million Top Ryde City shopping centre, Bevillesta, have agreed to a deal giving them access to a pool of $2.5 million. The extent of unsecured claims is not yet known. Total claims run to around $900 million, according to minutes of the creditors’ meeting lodged with ASIC, the Australian Financial review reported.

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