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Liquidators settle on sale of Vision Site


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2 March 2011: The Joint Liquidators of Vision (Brisbane) Pty Limited (In Liquidation) have announced that they have settled on the sale of the Vision Site located in the Brisbane CBD.

Deloitte partner Chris Campbell said, “After an extension to the original settlement timeframe, the Liquidators settled on the sale of the Vision site on Wednesday 23 February 2011.”

The Liquidators were assisted by Jeff Dolan from Colliers International and Damian Winterburn from CapLand Real Estate Advisors in overcoming a number of issues that arose during the settlement period.

Mr Campbell continued, “As previously advised the Vision site has been sold to the Billbergia Group, an Australian building and civil construction company, which specialises in building and development, design, project management and facilities management.”

Deposits held independently

“For investors who have pre-sale agreements and who have placed deposits or guarantees on apartments, I confirm that that deposit monies have continually been held independently by non-related parties. The Liquidators have advised Piper Alderman Lawyers, the Trustee of the deposits and bonds of the Vision sale completion and understand that the Trustee will begin releasing deposit funds, as provided for in the pre-sale contracts, as soon as possible.”

Further enquiries by investors and creditors can be directed by email to vision@deloitte.com.au

For more information about Vision visit the Deloitte website: www.deloitte.com

For further general information on the voluntary administration/liquidation process, please refer to: www.asic.gov.au/insolvencyinfosheets 

Last Updated: 

Contacts

Name:
Johnny Sollitt-Davis
Company:
Deloitte Australia
Job Title:
Corporate Affairs & Communications
Phone:
Tel: +61 3 9671 6177, Mobile: 0431 134 850
Email
jsollittdavis@deloitte.com.au

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