Friday, October 16, 2009

Matisse Tower

Recently, a number of purchasers of real estate in an off-the-plan strata title office development in Brisbane, the Matisse Tower, got out of their contracts.

See APM Property 3 Pty Ltd v Blondeau & Ors [2009] QSC 326 (8 October 2009)

It has been reported that Alec Spencer, who is or was associated with Matisse Tower, is in financial trouble.

He is quoted in The Australian as being a director of the developer of Matisse
Brisbane's Matisse Tower office sales at $40m | The Australian

His consultancy company has also been mentioned in NSW Parliament.

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