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September 18, 2026 \u2014 3:49pm<\/p>\n
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Remove items from your saved list<\/a> to add more.<\/p>\n AAA<\/p>\n Embattled Sydney developer Bathla Group has secured a 12-month extension from the NSW Supreme Court to finalise construction projects, but it is dependent on securing additional funds from lenders.<\/p>\n Administrator Teneo said on Friday that the company, which owes creditors $3.4 billion, had been given a lifeline with the extension of the convening period for the business to September 13, 2027.<\/p>\n It comes as the short-term funding package, which was secured last week to keep the group and its 542 entities operational for another two weeks, draws to a close.<\/p>\n While six lenders are currently providing additional funding, Teneo is in discussions with additional lenders who may be interested in participating.<\/p>\n Teneo\u2019s Stephen Longley said the 12-month extension reflected the scale of the group\u2019s construction portfolio and the varying stages of completion across its projects.<\/p>\n Related Article \u201cWe have taken a cautious approach to the timeframe to ensure there is sufficient time to progress and complete projects in an orderly way,\u201d Longley said.<\/p>\n \u201cThe extension gives us the time needed to progress projects towards completion, but that outcome remains dependent on securing further lender support to maintain critical central functions at Bathla.<\/p>\n \u201cLocking in this funding is therefore an immediate priority and discussions are continuing.\u201d<\/p>\n Bathla Group entered voluntary administration<\/a> on August 25. For the past few weeks, Teneo has been desperately negotiating with lenders to secure short-term funding to stave off liquidation.<\/p>\n Last week, 213 staff members were stood down<\/a> and construction on many of the developer\u2019s projects came to a halt.<\/p>\n<\/p>\n Save<\/p>\n You have reached your maximum number of saved items.<\/p>\n Remove items from your saved list<\/a> to add more.<\/p>\n![\"The](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/09\/dbec537e5724c3fc8bec9484576c04ce0baeb1d6.jpeg\")
The Bathla name and signage was ubiquitous throughout Sydney\u2019s west.Janie Barrett<\/p>\n![\"Former](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/09\/8a9777b1720b857554c53607de3e137fc4dc1146.jpeg\")
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Ellie Busby<\/a> is a Parramatta reporter at The Sydney Morning Herald.Connect via X<\/a> or email<\/a>.From our partners<\/p>\n","protected":false},"excerpt":{"rendered":"September 18, 2026 \u2014 3:49pm Save You have reached your maximum number of saved items. Remove items from…\n","protected":false},"author":2,"featured_media":896351,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-896350","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/896350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=896350"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/896350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/896351"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=896350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=896350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=896350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}