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Control of Noosa Resort Seized by Receivers

Wednesday, March 9th, 2011

RECEIVERS McGrath Nicol has been appointed to seize control of a major, high profile resort developed by two major, high profile property institutions. Suncorp Bank is seeking that a $43 million line of credit be repaid by Viridian Noosa Pty Ltd. Viridian controls a $300 million resort by the same name, and operated by Outrigger. Leighton Properties …

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