Tag: real estate newspapers

Real estate agent Julie Bundock had a relationship with client before she accidentally torched her $3.2M home before an open house inspection

The real estate agent who accidentally burned down a $3.2 million home before an open house inspection had previously been in a relationship with the owner, court documents reveal.

Julie Bundock’s employer, Domain Residential Northern Beaches, was ordered to pay $862,315 to the owner and four tenants for negatively causing a fire which burned the house to the ground.

It can now be revealed that Ms Bundock was previously in a relationship with Peter Bush, who was preparing to sell the house at the time of the incident, news.com.au reported.

When she was being cross-examined by Mr Bush’s lawyer Dominic Priestley SC, Ms Bundock said the pair had been in a relationship when they were younger and were still friends in 2019.

Ms Bundock is not accused of any criminal wrongdoing and there is no suggestion she acted with malicious intent when she accidentally caused the fire.

Northern beaches real estate agent Julie Bundock accidentally burned down the Avalon Beach home

Julie Bundock was preparing for an open house at a four-bedroom home on Sydney’s prestigious northern beaches when she noticed the current renters had left some bedding on the deck to dry

Earlier this week, Daily Mail Australia revealed

Rekha Jhunjhunwala Purchases High-End Apartment In Mumbai’s Malabar Hill For… | Real Estate News

Ace Investor Rekha Jhunjhunwala Adds Luxury Apartment in South Mumbai to Portfolio (Image Source: PTI)

Ace investor Rekha Jhunjhunwala has made a purchase, acquiring a luxury apartment situated on the prestigious Walkeshwar Road in south Mumbai’s Malabar Hill area, for a sum exceeding Rs 11.76 crore.

The apartment, boasting a carpet area of 1,666 square feet, is located on the third floor of the esteemed residential tower, Rockside Apartments. In addition to the apartment, Jhunjhunwala will enjoy exclusive access to a designated car parking slot within the nearly 50-year-old building.

As reported by The Economic Times quoting IndexTap.com, Jhunjhunwala has paid Rs 58.81 lakh as stamp duty for the registration of this transaction, which was finalized on March 15.

This acquisition follows a recent investment move by Rekha Jhunjhunwala-backed Kinnteisto LLP, which had acquired prime office space worth approximately Rs 740 crore in commercial towers within Mumbai’s bustling business districts of Bandra-Kurla and Andheri, as reported by ET in November.

The report added that Rekha Jhunjhunwala, known as one of India’s most prominent investors, is the wife of the late billionaire stockholder Rakesh Jhunjhunwala. Rakesh Jhunjhunwala, often liked to India’s Warren Buffett, garnered acclaim throughout his four-decade investing career

Legal & General hires head of real estate capital raising

Legal & General Investment Management (LGIM) has hired Abrdn’s Neil Meikle to boost its private assets expertise.

Meikle was previously global head of real assets and private credit investment specialists at Abrdn.

He has been appointed to the newly-created role of head of real estate capital raising at LGIM, according to Citywire.

Read more: BlackRock hires global co-heads of real estate

“LGIM has a clear intention to continue to take its market-leading capabilities and sustained track record across the real estate sector to clients, globally,” an LGIM spokesperson told Citywire.

“Neil will be reporting into our head of sales, Christy Lindsay; actively fundraising the platform’s existing products, supporting future real estate solutions and strategies, and playing a key role in the expansion of Legal & General’s overall private markets offering.”

Read more: Federated Hermes expands real estate team with new hire

LGIM has been clear about its plans to expand its private assets business. In January, it submitted a regulatory application to launch a private assets fund for defined contribution pension investors.

Read more: $500bn opportunity for commercial real estate private debt

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