Sth Bnk Development
Sector: Residential • Location: Melbourne, Victoria, Australia
Source: AFR
Open Capital is in talks to buy Australia's largest residential project, the Sth Bnk development, from troubled developer Beulah and fund the $2 billion construction costs. The project has faced financial difficulties, with Beulah owing trade creditors $5.3 million and seeking new funding options.
- Status
- Prospective
- Sector
- Residential
- Location
- Melbourne, Victoria, Australia
- Updated
- 22 Jul 2026
- Source
- AFR
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Project Information
Participants
| Not available for this record. |
Status
Original status | Planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Open Capital is in talks to buy Australia's largest residential project, the Sth Bnk development, from troubled developer Beulah and fund the $2 billion construction costs. The project has faced financial difficulties, with Beulah owing trade creditors $5.3 million and seeking new funding options. |
Original sector | Property |
Budget |
Location
Country | Australia |
State | Victoria |
City | Melbourne |
Source
Source | AFR |
URL |
More Details
Record type | Project |
Sector | Residential |
Article published date | 2025-03-16 |
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