澳洲Australia property Beleaguered property developer and rich l


在澳大利亚 I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo


Looks like Luke Saraceni was a little over leveraged

Beleaguered property developer and rich list member Luke Saraceni has had more of his assets seized by receivers, just a week after the collapse of his $500 million Perth office tower project, Raine Square.

Yesterday, receivers from insolvency firm Ferrier Hodgson took control of three properties owned by Saraceni's companies: an $8 million site in Perth where his winery was located; a $5 million block of retail units in the Perth suburb of Spearwood; and a $20 million shopping centre in the Victorian regional town of Warrnambool.

All of the properties have been used as security against the Raine Horne project, which Saraceni was developing with fellow property developer Hossean Pourzard.

Major lender Bankwest – which has also signed on as the 20-storey tower's major tenant – called in receivers to Raine Square after Saraceni and Pourzard's joint venture company, Westgem Investments, missed a $50 million payment to their lenders in late 2010.

The properties placed in Ferrier Hodgson's hands yesterday will now be sold to help repay the debt on the Raine Square project.

But angry Saraceni, who was valued at $288 million on last year's Rich 200, has accused lenders Bankwest and Bank of Scotland of playing a "very, very vindictive game" against him.

"If the Commonwealth Bank, Bankwest and BOSI (Bank of Scotland International) think they will destroy me, to try to get me out of the way so they can do whatever they like with a profitable asset, they've got another think coming," he told The West Australian last night.

See the full story Receivers move in on more assets of rich list developer Luke Saraceni  

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Unions Heavys, Gang Members, Firebombing- its all action at Raine Square


Firebomb attack on troubled building firm boss

The boss of a construction company which shut down the city's biggest building project had his car firebombed before the $550 million development came to a sudden halt this week putting in jeopardy more than 200 jobs.

Police are investigating the fire at the Floreat home of Salta Constructions chief Andrew Hume, whose company locked the gates at the central city Raine Square development on Monday, nine months before Bankwest was due to become the 21-storey building's anchor tenant.

Mr Hume's wife discovered the family's Toyota Landcruiser ablaze when she returned home about 11.30pm on October 20. One of the windows had been smashed and a hammer was found in the driveway. The hammer and a lighter have been sent for forensic testing.

Since last year, rumours about underworld connections to the CBD project have been rife. Millionaire property developer Luke Saraceni, who is behind the Raine Square project, said yesterday he had heard about the firebombing and also claims that a gun had been pulled on a Salta manager at a 2008 Christmas party.

Cont...Click to expand...
Angall's website describes Mr Margjini as "a Blue Chip asset for Angall and its future". But between 2002 and 2004, Mr Margjini was a regular in Perth's court system and faced several assault charges resulting from his employment as a nightclub bouncer.

Mr Margjini was convicted of assault occasioning bodily harm and three common assaults during that time. He was also acquitted of four common assaults, two assaults occasioning bodily harm and deprivation of liberty. He said yesterday he had a colourful past but had chosen a new path in life and had no involvement in Perth's underworld.

Angall director Rob Wilde said Mr Margjini was a hard worker and had turned his life around.

But underworld characters have been seen at the Raine Square site. Sources have told The West Australian that bikies and other gang members were employed by subcontractors and had proved impossible to controlClick to expand...
New claim in Raine Square stoush

Businessman Edmondo "Monty" Margjini faced court last week over allegations that he threatened to kill contractors linked to the development by slitting their throats.Click to expand...
 

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it's a bit sad, seems a good man has been embroiled in some ugly business and it's dragging him down. as for Ponzi... how's that? is everything that is profit based a ponzi scheme, lke that 1 dozen packet of home brand eggs that are just an ugly ponzi scheme?  

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Ausprop said: ↑
it's a bit sad, seems a good man has been embroiled in some ugly business and it's dragging him down. as for Ponzi... how's that?

is everything that is profit based a ponzi scheme, lke that 1 dozen packet of home brand eggs that are just an ugly ponzi scheme?Click to expand...
There's something dodgy about a bakers dozen though !!  

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redwing said: ↑
There's something dodgy about a bakers dozen though !!Click to expand...
true... unsustainable prices trumpeted by spruikers and marketeers. young couples will get home and be beside themselves as to what to do with that extra bun. ultimately you and I pay for this pork barreling  

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