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…………….


Related Articles

Strata Reforms Could Change the Face of Urban Western Australia

Long-awaited reforms to strata laws in Western Australia promise to have a dramatic impact upon the state’s urban landscapes by

Leaky Building Syndrome: Will Australia Be the Next to Suffer?

Is Australia set to follow in the footsteps of Canada and New Zealand and face its own leaky building syndrome

Public consultation starts on WA’s proposed strata reforms

Western Australia’s have started public consultation on proposed strata title law reforms, allowing for property owners and tenants of strata