Business
Dunk Island repossessed in blow to Mayfair 101’s billion-dollar Mission Beach redevelopment – The Guardian
Move comes after the corporate regulator obtains a court order freezing the assets of several entities associated with the project
The financial entrepreneur James Mawhinneys dream of a billion-dollar redevelopment of Queenslands Mission Beach appears to have been shattered after rich lister Peter Bond repossessed the Dunk Island resort at the centre of the scheme.
Bonds move came after the corporate regulator, which has been investigating Mawhinney and his investment group, Mayfair 101, for three years, obtained a court order freezing the assets of several entities associated with the project in Mission Beach, Queensland,…
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