REMI Capital

2022 - 5 - 26

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Image courtesy of "NEWS.com.au"

Aussie company collapses owing $70m (NEWS.com.au)

An Australian company with offices in Melbourne and Brisbane has collapsed impacting hundreds of people and property projects as it was revealed it owed an ...

“REMI apologises for any lack of communication in recent weeks. “This process will allow a Deed of Company Arrangement to be proposed by the board by the second meeting of Creditors,” he said. Stream more business news live & on demand with Flash. 25+ news channels in 1 place. New to Flash? Try 1 month free. A DoCA attempts to maximise the chances of the company to continue to operate and aims to provide a better return for creditors then an immediate winding up of the business, according to the Australian Securities & Investments Commission. Mark Prestige, who had been managing partner at REMI Capital for close to four years, acknowledged there had been a “lack of communication” from the company in recent weeks.

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Image courtesy of "Daily Mail"

Boutique property investment firm COLLAPSES owing $70million to ... (Daily Mail)

Investment property firm REMI Capital has gone under, affecting 450 investors of the Aussie boutique firm. The firm's administrator said the company owes ...

One issue we will be looking is the $70m in debt.' 'We are not certain of the level of sophistication of investors but REMI issued several different notes [to fund projects],' he said. Boutique firm becomes the latest building firm to collapse - owing $70million to 450 investors and putting construction projects across Melbourne in doubt

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Image courtesy of "Business News Australia"

REMI Capital goes from spruiking for investors to $70m collapse in ... (Business News Australia)

Just months ago, boutique investment company REMI Capital was encouraging self-managed super funds to diversify their investments in the company's property ...

In his email to staff, Prestige says he is confident a DOCA could be secured to ensure REMI Capital’s survival. The company is understood to have employed a team of more than 50 investment, venture capital and property professionals seeking opportunities for investors. “What makes a good investment for an SMSF will depend on each fund’s objectives,” the company spruiked.

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Image courtesy of "The Urban Developer"

Property Manager Remi Capital Collapses Owing $70m (The Urban Developer)

Urgent investigations are under way to find a resolution for the 450 investors left short-changed in the wake of the $70-million collapse of investment firm ...

“Remi apologises for any lack of communication in recent weeks. Baskerville confirmed a number of Remi Capital investors had already made contact with the insolvency firm ahead of the June 6 meeting. Urgent investigations are under way to find a resolution for the 450 investors left short-changed in the wake of the $70-million collapse of investment firm Remi Capital.

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