Receivers list two Bathla sites for sale, Grafa names $3.4b debt
FTI Consulting has named CBRE and Cushman & Wakefield to sell Rouse Hill and Baulkham Hills; four more sites are due by year-end.
Receivers for Sydney’s Bathla Group have listed the first two of its sites for sale, Grafa reported on Tuesday 10 November, with Domain, citing the Australian Financial Review, reporting the same sell-off. Domain says the sell-off is a bid to pay down the company’s debts.
Why it matters
Domain reports that Bathla entered administration in August owing more than $3 billion, and that receivers were appointed in September to take charge of many of its finished and unfinished developments. Grafa says the developer failed with $3.4 billion in liabilities. That is Grafa’s figure.
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The sale comes as ASIC investigates the group, as our earlier report covered, and Domain says the watchdog confirmed on Tuesday it is examining the company’s affairs before administration. Domain also reports that work on all of Bathla’s construction projects stopped in late September, leaving up to 350 staff out of work and about 3000 apartments and homes in limbo. Grafa instead describes a 14,000-home construction pipeline in limbo.
The numbers
Domain, citing the AFR, says FTI Consulting has appointed two agencies to sell the 255 unsold apartments in the 339-unit Sanctuary Quarter, Rouse Hill (Sydney), on Macquarie Road. CBRE will sell the apartments in one line or in parcels, and SRM Residential will sell the units individually. The apartments range from one to three bedrooms across six buildings, and Domain says the project received its occupation certificate in September.
Cushman & Wakefield is running the campaign for a 3552-square-metre landholding on Yattenden Crescent, Baulkham Hills (Sydney). Domain says Bathla bought it for $12.2 million in 2022 and had planned a 15-storey, 200-home complex. A site on Hambledon Road, The Ponds, bought for $26 million in 2021 for house-and-land packages, is expected to be next, Domain says.
Grafa adds that Centuria Bass Credit provided more than $280 million of debt financing across the Rouse Hill and Baulkham Hills projects, and that Centuria temporarily froze investor redemptions in two property credit funds after a surge in withdrawal requests that Grafa links to Bathla.
What’s next
Domain says four other sites are due to hit the market by the end of the year. Grafa says six projects, finished and undeveloped, will go to market across New South Wales and Victoria by year-end. Grafa does not name the Victorian sites, and Domain does not mention Victoria.
Domain says FTI Consulting’s Joseph Hansell expects strong interest in Rouse Hill from both institutional buyers and individual homeowners.
The Australian Developer will update this story when the Victorian sites are named.
Quick answers
What is the latest on Bathla Group?
FTI Consulting has named CBRE and Cushman & Wakefield to sell Rouse Hill and Baulkham Hills; four more sites are due by year-end.
What are the key numbers in this story?
debt (Grafa): $3.4b; unsold units: 255; sites to market: 6.
Where does this information come from?
This story cites Domain (Suki Reid), citing the Australian Financial Review and Grafa (Brie Carter), 10 Nov 2026. Every source is linked on the page.
Sources
Also reported by
- Domain (Suki Reid), citing the Australian Financial ReviewBathla begins major forced sell-off after $3 billion collapse
- Grafa (Brie Carter), 10 Nov 2026Receivers sell Bathla developments for $3.4B debt
Filed by the AusDev Melbourne Desk. How we report.