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Newcastle Herald
Newcastle Herald
National
Ian Kirkwood

Newcastle Hill residents pushing hard against Keith Stronach's Mosbri Crescent plans

NBN Newcastle ASIC City of Newcastle Newcastle Herald
Louisa Connors addresses yesterday's rally opposite the Sovereign Park development in Mobsri Crescent, Newcastle. Picture by Peter Lorimer

NEWCASTLE developer Keith Stronach has confirmed that Monaco-based Australian billionaire Brett Blundy is a partner in his Sovereign Park redevelopment of the former NBN studio site in Mosbri Crescent, after the shareholding was raised at a protest meeting yesterday.

"Brett Blundy and I have been doing business together on some projects for over 30 years," Mr Stronach said yesterday after the Newcastle Herald was shown ASIC documents showing Mr Blundy as controlling three-quarters of the shares in Crescent Newcastle Ltd, the company developing the site.

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