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McGrathNicol > administrations > westpoint management ltd > investor information

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McGrathNicol Corporate Recovery is a market leader with extensive experience in providing voluntary administrations and deeds of company arrangement, receiverships, creditors voluntary liquidations, members voluntary liquidations and court liquidations.

Investor Information

Warnbro Fair Syndicate

Westpoint Management Ltd acted as responsible entity of the Warnbro Fair Syndicate (“WFS”), a managed investment scheme which commenced in 1999, until 4 August 2006, when Elderslie Property Limited took over as the responsible entity.

Paragon Commercial Syndicate

The Paragon Commercial Syndicate (“PCS”) is a managed investment scheme of which Westpoint Management Ltd acts as responsible entity.

The PCS owns the Paragon Retail Arcade and Office Tower located in the Perth CBD.

Investor Relations Update 17 February 2009

Investor Relations Update 3 September 2007

Investor Relations Update 6 June 2008

Westpoint Income Fund

The Westpoint Income Fund (“WIF”) is a managed investment scheme which was developed to invest in property based projects.

Westpoint Management Ltd acted as responsible entity of WIF.

WIF advanced loans totalling $10.856M to three Westpoint-related entities.

A distribution of 15 cents per unit was paid to investors of WIF on 8 May 2009.

Investor Relations Update 4 February 2009

Investor Relations Update 25 July 2008

Investor Relations Update 10 July 2008

Investor Relations Update 14 February 2008

Investor Relations Update 31 August 2007

Investor Relations Update 6 November 2007

60 Market Street Trust

Westpoint Management Ltd is Trustee of the 60 Market Street Trust (“the Trust”).

The trust acquired a vacant office building located at Market Street Melbourne and commenced converting it into approximately 280 hotel apartments and 24 residential apartments.

On 22 December 2006, David Lombe and Salvatore Algeri were appointed as Receivers and Managers of the Market Street Property.

Please note that I have not been appointed over Market Street Mezzanine Ltd or Market Street Mezzanine No. 2 Pty Ltd. Investors who hold promissory notes issued by either of these companies, both of which are in liquidation, should contact the liquidator, PriceWaterhouseCoopers on (03) 8603 2467 or visit www.pwcrecovery.com

297 Murray Street Trust

Westpoint Management Ltd is Trustee of the 297 Murray Street Trust.

The 297 Murray Street Trust is a special purpose vehicle that was commenced to own and develop the former Town and Country Building Society Office at 297-305 Murray Street, Perth.

The property was developed into a complex comprising:

  • 120 hotel rooms
  • 64 apartments
  • 2 retail stores

The trust does not have any external investors.

 Contacts

Melinda Kubank
t: +61 8 6363 7600
e: mkubank@mcgrathnicol.com
o: Perth