ING Property Group’s Failing Finances

There is some encouraging news in Thurday’s (11/11/2010) “Australian” newspapers “Prime Space Section (Page 33) regarding the financial fragility of the ING Property Trusts, which may compromise their continuance of their Victoria Quay involvement.

Nevertheless, there may well be other “suitors” waiting in the wings to take over the proposal, and the  people of Fremantle need to continue to be alert and ever mindful as to the possibility of other property developers taking over the development (most likely at a discounted price) and continue their efforts to debase and erode Fremantle’s Victoria Quay-side heritage.

Nicolas Gurr

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