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3 mins to read

Investors suffer while former director gets paid interest

A shopping centre syndicate with Vestar links, Point Nominees (Clendon), is in breach of its banking covenants and has not been paying investors any returns despite issuing a 17.5% interest payout to its former director turned financier.Clendon Shopping C

Jazial Crossley
 Fri, 12 Feb 2010

A shopping centre syndicate with Vestar links, Point Nominees (Clendon), is in breach of its banking covenants and has not been paying investors any returns despite issuing a 17.5% interest payout to its former director turned financier.

Clendon Shopping Centre is an 11,800sq m shopping centre,

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Jazial Crossley
 Fri, 12 Feb 2010
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Investors suffer while former director gets paid interest
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