Deals & Departures

Liquidators win $20m settlement from Merhis Corp

AIIP president Stephen Hathway. Helm Advisory’s Phil Hosking. iNO hears that common sense and self-interest have prevailed to deliver a big win for liquidators Stephen Hathway and Phil Hosking, and that means a big win for unsecured creditors of multiple entities associated with the Merhis construction group. While official confirmation is pending, iNO can reveal that the people behind Merhis have agreed to pay around…

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Lend Lease looking beyond Ferriers’ imminent exit

The for lease signs are well and truly up at Level 25, One International Tower Barangaroo where Ferriers Hodgson (Ferriers) is preparing to vacate ahead of the completion of its takeover by KPMG. INO’s property operatives advise that landlord Lendlease has begun marketing the space ahead of the departure of the Ferriers’ team, which must occur before the June 30, 2019 deadline for completion of…