KordaMentha is not a name usually associated with property development, but the insolvency specialists’ real estate arm has just completed an apartment project in Melbourne’s hip inner-city Northcote.
The $16 million, four-storey building, Libertine Apartments, has 34 one and two-bedroom apartments and is the third development entirely overseen by subsidiary KM Develop.
“We’ve always had an interest in development and dabbled in it in the past,” said real estate partner Steven Wong.
The firm bought the site at 115-125 Victoria Road off-market after it was passed in at auction.
KM had previously undertaken due diligence on th…
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