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Bathla lender Balmain blames ‘meagre management’ for collapse
The private credit fund says putting more money in to help administrators of the collapsed property giant would put its investors “further away from safety”.
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smh.com.au
More than 200 staff stood down at collapsed developer Bathla
After a weekend of crisis talks, administrators reached a short-term deal but confirmed construction on some developments in Sydney would be suspended.
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afr.com
Bathla ‘an opportunity’ for high-quality private credit funds: HMC
The alternative investment giant and another firm, Qualitas, both said they declined opportunities to lend to the now-collapsed Sydney property developer.
