Toplace Pty Ltd. - Voluntary Administration

Toplace Pty Ltd., a Sydney-based property developer, entered voluntary administration on 7 July. With a history dating back to 1992, Toplace is one of Australia’s largest privately owned development companies, having delivered approximately 30,000 residential homes, shopping centres and commercial suites all located in Sydney. The company had just been issued a building work rectification order to remediate potential serious defects of a new project at 11-15 Charles St Canterbury, and in June an arrest warrant was issued by the NSW police for the company’s director Jean Nassif for alleged fraud-related offences. Antony Resnick and Suelen McCallum of dVT Group were appointed joint administrators. The appointment was referred to them by Daren Anderson of ERA Legal.