Sep 11, 2026 – 11.07amFund manager 360 Capital has engaged real estate agents to start selling some of the properties over which it has security that were built by Bathla, the collapsed western Sydney developer, as a number of financiers move to limit potential losses.360 Capital’s listed entity, 360 Capital Mortgage REIT, told investors it had decided to sell the properties behind their $31.7 million exposure to Bathla late on Thursday. “[We have] decided to appoint receivers to accelerate the disposal of the 162 individual homes, townhouses, apartments and land lots to repay the [360 Capital Mortgage REIT’s] principal and outstanding interest,” Glenn Butterworth, 360 Capital’s company secretary said.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Lenders such as 360 Capital start selling Bathla properties
While Bathla lender 360 Capital said it had appointed agents to sell some properties, the path to recoup their losses on other loans won’t be as easy.
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