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PAG Takes Control as Bathla Faces Liquidation Without $20M

9/1/2026

36 4 Full Breakdown

Summary

Story summary

Teneo administrators warn Bathla Group will be liquidated unless $20 million is secured by week’s end.
NSW government refused a $20 million bailout, forcing Bathla to seek private lenders.
Private equity firm PAG assumed control of the 312-apartment Pemulwuy site and will pay contractors directly.
Administrators focus on 45 under-construction projects that could deliver 2,000-2,500 homes by early 2027.

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Story summary

Teneo administrators warn Bathla Group will be liquidated unless $20 million is secured by week’s end.
NSW government refused a $20 million bailout, forcing Bathla to seek private lenders.
Private equity firm PAG assumed control of the 312-apartment Pemulwuy site and will pay contractors directly.
Administrators focus on 45 under-construction projects that could deliver 2,000-2,500 homes by early 2027.