Source: News.com.au - 24 February 2010
Stapylton industrial site's secure future
THE Beenleigh owners of a Stapylton industrial property expect it to fetch about $11 million at sale.
The 4.6ha holding, at 9 Christensen Road, is held by Barbara and Graeme Haggar, who have developed three buildings and a yard on the property.
Energex, water tank manufacturer RX Plastics, hire company All Area Rentals and engineering business Tech Fab hold three-to five-year leases on parts of the landholding.
The property returns more than $520,000 net a year...read more
Source: Gold Coast Bulletin - 19 February 2010
MacBank Labrador sale
RECEIVERS to two Macquarie Bank subsidiary companies are selling a landmark Labrador redevelopment holding.
The 7133sq m site was earmarked for Coast Marine Parade, an 11-storey residential project comprising 168 apartments.
The property, which overlooks The Broadwater and sits on Marine Parade, is held by Macquarie Labrador and MREEF Project Company No.34, which Macquarie voluntarily wound up last year...read more
Source: Gold Coast Bulletin - 19 February 2010
Ashington assets targeted by Sam Alter
MELBOURNE businessman Sam Alter is moving to gain control of high-profile assets held by the troubled fund manager and property developer Ashington, in a deal believed to be worth less than half their $220 million boom-time purchase price.
According to industry sources, Mr Alter, who runs Pacific Group, is in talks with the insolvency firm advising Ashington regarding a recapitalisation plan.
Mr Alter, who did not return calls to The Australian yesterday, is understood to be carrying out due diligence on a proposal to inject less than $100m of equity into the Ashington Development Fund No 2, which owns the controversial Double Bay Stamford Plaza hotel site in Sydney, the Stonington Mansion development property in Melbourne and a 50 per cent stake in the Sheraton Noosa in Queensland...read more
Source: The Australian - 4 February 2010
Services We Offer
B2B Capital has the ability to supply short term finance for acquisitions, refinance, development and construction for residential, commercial and industrial properties.
We can coordinate and structure finance packages to include the following:
- Senior debt
- Mezzanine funding
- Joint Ventures
This additional financial leverage can facilitate:
- Mergers and acquisitions financing
- An emerging growth opportunity
- A management or other leveraged buyout
- Corporate debt refinancing
- Recapitalization
- Commercial property development
Interest rates and fees associated with any loan approval will vary according to the type and complexity of the loan. All interest and fees will generally be capitalised within the loan facility.
