Further to a recent story regarding Villa World’s Land & Environment court (LEC) case against Council over the West Byron development, representatives for wealthy Sydney-based developer, Terry Agnew, have told Echonetdaily that his company, NSPT Pty Ltd, now owns all shares in Villa World Byron Pty Ltd.
As such, NSPT Pty Ltd, ‘has full ownership rights and control in the application made in the name of Villa World Byron Pty Ltd’.
All ownership sold
AVID Property Group CEO Cameron Holt said, ‘Given Villa World sold all ownership rights to NSPT in October 2019, it is unable to request any changes made to the application, or to amend the parties listed in the LEC proceedings.
‘Villa World will have no involvement in the LEC proceedings, as it is no longer a shareholder of the company that is behind the application’.