Property investment company SAS Global Forrestdale Pty Ltd is facing further pressure after the corporate regulator cancelled the financial services licence of its responsible entity, Teys Property Funds Ltd.
CREDITOR meetings for West Perth-based property investment group SAS Global have resulted in two entities being wound up, and for deeds of company arrangement to be executed on two others.
PROPERTY investment group SAS Global's Forrestdale Business Park development has run into more problems after prospective land purchasers defaulted on nearly half of the pre-sales commitments.
A PERTH-BASED insurance broking firm is looking to rebrand itself to create distance between it and embattled West Perth-based property investment group, SAS Global.
Another entity of expansive West Perth-based property investment group SAS Global is under extreme financial pressure, following the collapse of five investment companies under the SAS Global umbrella last week.
The expansive property investment group built up by West Perth-based SAS Global has collapsed, with four more entities being placed in administration this week following the recent failure of SAS Global Baldivis.
Plans for a $35 million property float headed by former Fremantle Dockers captain Peter Bell have come to a sudden halt after the company SAS Global Baldivis Ltd was placed in administration today.
Ambitious plans for two new apartment projects in North Fremantle will have to be substantially revised, after a height study commissioned by the City of Fremantle found the developments would not produce a desirable outcome.
