Bathla developer granted 12 months to finish stalled projects
The NSW Supreme Court extended Bathla's deadline. The voluntary administration period now runs 12 more months, to September 2027.
A major Sydney developer has won a court extension to complete its stalled building projects. Bathla entered voluntary administration in August.
Bathla now has until September 2027 to finish its work. The company oversees 220 active projects worth $4.87 billion.
Roughly 660 lots are already sold to buyers under pre-sale contracts. Bathla owes $3.4 billion to creditors including banks, the tax office, and employees.
Administrators have already raised $4.7 million in extra funding from six lenders. They need to secure more to keep operations running.
The extension allows time to complete projects smoothly rather than liquidate.
- $4.87 billion
- Project portfolio value
- $3.4 billion
- Creditor debt
- 660
- Pre-sale lots
- September 13, 2027
- Extension deadline
Why it mattersRoughly 660 buyers have pre-sale contracts on Bathla properties. They may now see their homes finished instead of abandoned.
AustraliaAffects buyers waiting on completed homes, employees and contractors owed money, and Australia's property sector confidence.
Corroborated bysmh.com.au·theage.com.au
✓ Claims checked against the source and corrected before publish. checked 6 d ago
