Angelo Del Borrello's property group Acure Asset Management has announced BP Australia as the new operator for its four regional roadhouse properties in WA, six months after the previous operator Outback Travel Centres was placed into administration.
Perth entrepreneur Craig Mitchell and property funds manager Angelo Del Borrello are facing off over the future of four large roadhouses in northern WA, with the outcome having a big bearing on investors who pumped $22.5 million into four related property trusts.
Family-owned Tribute Group has been placed in receivership, just two months after winning what appeared to be a company-making contract with BHP Billiton for its accommodation businesses in Newman.
Pilbara accommodation businesses run by one-time trucking boss Craig Mitchell and the Collinson family are set to be the winners from BHP Billiton's surprise decision to close Kurra Village in Newman, which at its peak houses up to 1,600 fly-in, fly-out workers
Former trucking boss Craig Mitchell has enlisted the help of prominent company directors and advisory firm Azure Capital to build a fast-growing network of quality service roadhouses across Western Australia.
