The $25m Bondi beachfront property could be sold off rather than redeveloped by Sydney deal-maker Jon Adgemis for hospitality empire, as lenders call time on debt deals.
Adelaide-based lenders Angas Securities stepped in on Friday to seize the apartment building on Campbell Parade, next to the controversial Noah’s Backpackers site, with plans to sell the four level site rather than accept a debt deal offered by Mr Adgemis’ backers.
Angas Securities had extended some of the almost…
