PHOTO: Sterling First
Administrators have taken control of a WA-based property management and investment group straddling more 3500 rental properties in three States.
Martin Jones and Wayne Rushton from Ferrier Hodgson were put into 12 associated companies under the South Perth-headquartered Sterling First group last week.
Sterling First describes itself as “a first of its kind company” committed “to creating better lives for all Australians through innovative investment opportunities and housing solutions”.
The group includes a funds management arm, including Sterling Income Trust, and Rental Management Australia, which manages 3500 rental properties worth $900 million in WA, Queensland and Victoria.
The collapse has affected about 85 staff across the country.
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