Just months ago, boutique investment company REMI Capital was encouraging self-managed super funds to diversify their investments in the company’s property portfolio by offering benchmarked returns paid quarterly.
Yesterday, the company called in voluntary administrators, leaving 450 investors caught up in the company’s $70 million collapse.
Chris Baskerville from specialist insolvency and business recovery firm Jirsch Sutherland has been appointed voluntary administrator to the REMI Capital group to examine the company’s collapse, the latest in a string of failures for the property industry.
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