Meriton is selling its strata management business – and saying it’s all the NSW government’s fault
Billionaire Sydney property developer Harry Triguboff is selling his company’s strata-title management business, blaming changes to the law in NSW for the decision. Meriton has built more than 70,000 apartments over the past five decades and is the country’s largest apartment developer, predominantly in Sydney, Brisbane and on the Gold Coast. The 83-year-old’s latest and biggest project is the $3 billion community at the Pagewood Green site in Sydney’s Eastern Suburbs. But on Wednesday, Triguboff announced he’d sell Meriton Strata Management Pty Ltd, which looks after 6194 lots spread over 33 schemes in Sydney and the Gold Coast, because of new strata-title laws in NSW that start on November 30. Read the article…………….
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