Kokoda races to fund $1.4b Brisbane luxe project amid cost squeeze

Kokoda Property Group is seeking a new equity partner for its $1.4 billion Teneriffe Banks development in Brisbane, offering up to a 50% stake in the project's first stage amid escalating construction costs and tighter credit conditions, just weeks after creditors approved a restructuring proposal that saw the developer regain control from Wexted Advisors following a voluntary administration triggered by a $26.6 million dispute with private credit lender Everland.

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