Primrose Riordan

1 week ago | afr.com | Primrose Riordan

A major real estate developer in Sydney’s western suburbs owes more than $2.7 billion but has just $6.5 million in the bank, new disclosures show. Bathla Group, once known as Universal Property, mostly builds large housing estates and townhouses, and targets its marketing at new migrants. The company is building hundreds of units in Cabramatta, for instance, in a project that is expected to cost hundreds of millions of dollars. Loading... Follow the topics, people and companies that matter to you.

1 week ago | commercialrealestate.com.au | Primrose Riordan

A major real estate developer in Sydney’s western suburbs owes more than $2.7 billion but has just $6.5 million in the bank, new disclosures show. Bathla Group, once known as Universal Property, mostly builds large housing estates and townhouses, and targets its marketing at new migrants. The company is building hundreds of units in Cabramatta, for instance, in a project that is expected to cost hundreds of millions of dollars.

1 week ago | afr.com | Primrose Riordan

The billionaire family behind the Primo empire is using the proceeds from the sale of the smallgoods producer to build a new business in private credit and has extending over $200 million in loans to property developers. The Lederers, who sold Primo to Brazil’s JBS for $1.45 billion in 2014, launched 3 Capital two years ago. The firm is now among a growing number of players in the lucrative private credit market run by wealthy families. Loading...

2 weeks ago | afr.com | Primrose Riordan

Perth billionaire Laurence Escalante last week revealed his attempt to wrestle back total control of his highly profitable private company Virtual Gaming Worlds. Fair enough: he built it and already owns 70 per cent. But had Virtual Gaming Worlds stuck to the Australian Securities and Investments Commission rules on disclosures, the announcement may have come as less of a surprise to shareholders caught on the hop. Loading... Follow the topics, people and companies that matter to you.

2 weeks ago | afr.com | Mark Wembridge |Primrose Riordan

Jun 10, 2025 – 9.00am or Subscribe to save articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? Fortescue Metals Group has confirmed that the head of its hydrogen division was among those to lose their jobs in a recent round of cuts, the latest in a string of high-profile green energy departures from Andrew Forrest’s mining giant.