Perth hotel sale – realestatesource https://www.realestatesource.com.au Commercial and residential property news Sun, 06 Mar 2011 04:00:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png Perth hotel sale – realestatesource https://www.realestatesource.com.au 32 32 Receivers to Sell Luke Saraceni Perth Site https://www.realestatesource.com.au/receivers-to-sell-luke-saraceni-perth-site/ Sun, 06 Mar 2011 04:00:09 +0000 http://realestatesource.com.au/wordpress/receivers-to-sell-luke-saraceni-perth-site.html RECEIVERS are about to seize control of a sixth site controlled by embattled property developer Luke Saraceni (right).

The seizure, for a hotel site at 18 The Esplanade, in Perth, comes as Saraceni prepares to test in court whether his $500 million Raine Square office tower project can be completed.

Financiers have also seized control of an office tower at 251 St Georges Terrace, in Perth, owned by Saraceni's business partner, developer Hossean Pourzand. The Bank of Scotland and Bankwest called in the receivers, according to reports.
]]> Ferrier Hodgson is the administrator of the Esplanade site, according to the AFR.

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