Bathla Group seeks $20 million to continue construction
Administrators of Australian developer Bathla Group, which has entered voluntary administration, are seeking about $20 million to continue construction work over the next five weeks. As ABC News Australia reports, the future of unfinished properties and repayment of debts to contractors currently remain uncertain.
About 2,000 homes are under construction within the group’s projects, while another approximately 13,000 are in its development pipeline. Bathla is one of Sydney’s most productive residential property developers, particularly in the city’s western suburbs.
Negotiations with creditors
On Tuesday, representatives of Teneo Financial Advisory Australia, appointed as administrators of Bathla Group, held a meeting with representatives of 43 creditors. During the discussion, the administrators said the company needs about $20 million to maintain construction activity for five weeks.
Buyer Casey purchased a detached house off the plan in Lochinvar, New South Wales, in the middle of last year for $709,990. She was initially promised that the house would be completed in June, then in August, and later the expected deadline was moved to the end of the year. She hopes to move into her new home by Christmas.
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Debts to contractors and private lending
Construction company Delta Foundations said Bathla owed it nearly $400,000 for work performed at several development sites over the past 12 months. The company’s lawyer, Tony Tauk, said the debt covers labour, materials, and payments to other suppliers and contractors. Delta Foundations has the status of an unsecured creditor.
Tauk said the company had been preparing a lawsuit to recover the debt, but after Bathla entered voluntary administration, it is generally not possible to commence or continue legal proceedings without the administrator’s consent or court permission.
The situation has also drawn attention to the private lending market, as Bathla was financed largely by non-bank lenders. 360 Capital reported Bathla-related loans of $31.6 million secured by completed homes, land plots, apartments and townhouses, and said it expects full repayment. Economist Saul Eslake, meanwhile, stressed the lack of transparency in private lending, although according to the Reserve Bank of Australia, this sector accounted for less than 2% of the country’s financial system assets in March 2026.
Lawyer Renee Romanos warned buyers not to consider voluntary administration an automatic liquidation or loss of deposits. According to her, buyers’ rights depend on the terms of specific contracts, so agreements should not be terminated without legal advice.
