As unitholders are aware, the Fund commenced a Federal court action against Minter Ellison Gold Coast in respect of losses sustained by the Fund following a co-lending transaction in relation to the purchase of “Mariner’s Cove Marina” (Asset 32), located at 60-70 Seaworld Drive, Main Beach Queensland (Mariner’s Cove).
In accordance with orders of the Federal Court, Mr Michael McHugh AC QC conducted a mediation of the dispute in Sydney on 9 September 2015.
The mediation was held prior to trial that was scheduled to commence on 12 October 2015. As a result of the mediation the trial dates were vacated.
Should unitholders have enquiries or wish to know the outcome of the mediation, please call Balmain Trilogy Investor Relations on Freecall 1800 194 500 or email email@example.com