Mahoneys role in $45m body corporate sale

27 September 2022

Mahoney’ role in the termination and sale of Voyager was featured in REALESTATESOURCE.COM.AU. Voyager is the first community titles scheme, owned and operated as a timeshare, to be terminated and sold in Queensland by a statutory trustee for sale.

Furthermore, this achievement was notable because Mahoneys was able to chart a path which avoided the need to obtain a “resolution without dissent” of all owners, and secure the appointment of three of the owners as the trustees for sale (rather than a liquidator) thereby reducing costs and maximising potential returns.

Further details on how Mahoneys guided the lot owners through the process of appointing a trustee for sale can be found here.

In the meantime, feel free to contact our dedicated Body Cooperate team if you want to discuss preparing a community title scheme for sale.