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Newcastle Herald

National

Michael Parris

REVEALED: Buyers in limbo as unit developer goes into receivership | Vintage Vibes

Peter Blake Newcastle Herald McGrathNicol

IN TROUBLE: An architect's impression of the Neufort development overlooking Wickham Park.

A company behind the Neufort high-rise development in Wickham has gone into receivership, leaving more than 100 apartment buyers in limbo waiting to see if the project proceeds.

Business advisory firm McGrathNicol has been appointed receiver for a company called 22 Park Avenue Pty Ltd which owns the development site in Railway Lane but has defaulted on a loan with Pindari Capital.

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