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Newcastle Herald
Newcastle Herald
National
Michael Parris

Developer refunds buyers in Neufort apartments

An architect's impression of the Neufort development overlooking Wickham Park.

A company behind the troubled Neufort high-rise development in Wickham has started returning deposits to buyers who signed contracts up to four years ago.

The Newcastle Herald reported in August that McGrathNicol had been appointed receiver of a company called 22 Park Avenue Pty Ltd after it defaulted on a loan to Pindari Capital, leaving more than 120 off-the-plan buyers in limbo.

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