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August 3, 2018

Expression of Interest: North Buderim and Buderim IGA


The Appointed Liquidator for Crous Retail Enterprises Pty Ltd, (operated the North Buderim IGA) and Crous Retail Management Pty Ltd, (operated the Buderim IGA) SV Partners, confirms the liquidation of the above businesses as at 12 July 2018, with David Stimpson as the appointed liquidator.

SV Partners are currently liaising with prospective purchasers and other stakeholders regarding a sale with the hope of reopening the stores. SV Partners are confident that a sale will be finalised in the near future and offers are currently being received to buy the business and both the landlord and IGA are dealing with these interested parties. SV Partners will advise when a sale has been finalised.

SV Partners has indicated that no decision has been made regarding the employment of former staff, a decision will likely be made after a purchase has been finalised and this decision will be made by the new owners.

There has been a number of interested parties in purchasing the businesses and SV Partners are asking for expressions of interest. Any interested parties should contact SV Partners urgently on (07)5414 3000.

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