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About ASIC

Lion Property Group

Since September 2025 ASIC has been investigating matters relating to Lion Property Group Pty Ltd (Lion Property).

Appointment of provisional liquidators

On 17 February 2025, three investors commenced proceedings against Lion Property, Garry Pesochinsky, John Sader, and a number of related entities.

On 2 July 2025, the Supreme Court of Victoria ordered the appointment of provisional liquidators to Lion Property and the related entities. The Court appointed John Lindholm and Emily Seeckts of KPMG as provisional liquidators and made orders for a report to be provided to the Court.

Appointment of liquidators

On 6 August 2025, the Supreme Court of Victoria ordered Lion Property and related entities be wound up on the just and equitable ground and in insolvency. The Court also found Lion Property was operating a managed investment scheme and ordered that the scheme be wound up (Group Scheme).

John Lindholm and Emily Seeckts of KPMG were appointed as liquidators to Lion Property, the related entities, and the Group Scheme.

Information for investors

The best way to receive information about ASIC’s investigation is to regularly monitor this web page. We will share any information that we are able to publicise as the investigation progresses.

General information

ASIC’s Moneysmart provides information about investing and what to check before investing your money.

Frequently Asked Questions

Who is Lion Property?

Lion Property and its related entities are a property development group. Lion Property does not hold an Australian Financial Services Licence.

Which entities are in liquidation?

The full list of entities in liquidation are:

  • Lion Property Group Pty Ltd (ACN 625 889 367)
  • Lion Property Group Sales Pty Ltd (ACN 626 034 073)
  • 28 Peerless Avenue Capital Pty Ltd (ACN 666 714 147)
  • 28 Peerless Avenue Pty Ltd (ACN 655 688 485)
  • 356 Bowen Terrace Capital Pty Ltd (ACN 674 725 154)
  • 356 Bowen Terrace Pty Ltd (ACN 656 998 677)
  • 43 Commercial Road Pty Ltd (ACN 662 910 349)
  • One Adams St Capital Pty Ltd (ACN 666 812 102)
  • One Adams St Pty Ltd (ACN 662 952 016)
  • 125-127 Alexandra Avenue Pty Ltd (ACN 630 068 307)
  • Syndicate 6 Squared Pty Ltd (ACN 611 608 434)
  • Syndicate 8 Squared Pty Ltd (ACN 616 378 557)
  • Syndicate 9 Squared Pty Ltd (ACN 617 752 735) atf the Syndicate 9 Squared Unit Trust
  • Syndicate 12 Squared Pty Ltd (ACN 623 039 832) atf the 62 Toorak Road Pty Ltd Unit Trust
  • Syndicate 13 Squared Pty Ltd (ACN 623 310 645) atf the Syndicate 13 Squared Unit Trust
  • Syndicate 14 Squared Pty Ltd (ACN 623 310 878) atf the Syndicate 14 Squared Unit Trust
  • 17 Hall St Capital Pty Ltd (ACN 672 129 252)
  • 17 Hall St Pty Ltd (ACN 639 482 698) atf the Prominence Unit Trust
  • The Elster Capital Pty Ltd (ACN 668 639 496)
  • The Elster Pty Ltd (ACN 637 927 827)
  • Eminence Camberwell Pty Ltd (ACN 623 039 583)atf the Eminence Camberwell Unit Trust
  • 32 Beaconsfield Rd Pty Ltd (ACN 658 647 888)
  • 122 Beaconsfield Parade Capital Pty Ltd (ACN 673 553 145)
  • 122 Beaconsfield Parade Pty Ltd (ACN 630 155 734)
  • 9 Whyenbah St Pty Ltd (ACN 626 141 866)
  • 49 Toorak Rd Pty Ltd (ACN 626 137 862).

How do I contact the Liquidators?

Investors/creditors can contact the Liquidators with any queries by emailing Adam Zhang (of KPMG) at azhang158@kpmg.com.au.

Is the Liquidators’ report available to investors?

The Liquidators prepared a statutory report to creditors which was issued on 6 November 2025. This report can be requested by investors by emailing Adam Zhang (of KPMG) at azhang158@kpmg.com.au.

A confidential Provisional Liquidators report was also filed with the Court on 24 July 2025 in accordance with a Court order. A redacted version of this report can be made available to investors, however the statutory report mentioned above provides more update to date information.

Can I contact the ASIC investigation team?

Investors in Lion Property with information that may assist the investigation can contact ASIC on lionpropertygroup.queries@asic.gov.au.

Please note that ASIC will not be able to answer individual queries about your investment. Due to legal, regulatory and privacy requirements, we are likely to be limited in the information we can provide.

Are you able to advise on the status of our investment?

ASIC cannot provide any advice to investors about their individual investments.

Can I make a complaint to the Australian Financial Complaints Authority (AFCA)?

AFCA is an independent external dispute resolution service established by the Federal Government, and deals with complaints from customers involving financial services and products.

Investors cannot make a complaint to AFCA against Lion Property because is not an AFCA member.

If you received personal financial advice from a financial adviser in relation to your investment with Lion Property, you might be able to make a complaint with AFCA against that financial adviser. Visit the AFCA website for information about how to lodge a claim.

Where can I get information about financial hardship?

While ASIC cannot advise on individual circumstances, ASIC's Moneysmart.gov.au has resources that may be of assistance in relation to financial counselling services, debt management and emergency assistance.

If you are experiencing financial difficulty, you can speak to an independent financial counsellor for free by contacting the National Debt Helpline (NDH) on 1800 007 007 (9:30am to 4.30pm in your local Australian time zone, Monday to Friday). The NDH may not be able to assist with your SMSF specifically.

Where can I get information about mental health support?

If you are seeking support for your own or someone else’s mental health, the following providers can assist:

Lifeline

Lifeline Crisis Support – 13 11 14. They also offer online chat and text crisis services.

Lifeline

Beyond Blue

The Beyond Blue Support Service is available 24/7 for brief counselling. You can call them on 1300 22 4636 or chat to them online. They also have a variety of other mental health supports you can access.

Beyond Blue 24/7 Support for Anxiety, Depression and Suicide Prevention

Call a counsellor on 1300 22 4636 or chat to a counsellor online.

Aboriginal and Torres Strait Islander people

13YARN – call 13 92 76 to talk to an Aboriginal or Torres Strait Islander Crisis Supporter, 24/7.

Mental Health Support via your GP

You can access mental health support by visiting your GP and getting a mental health plan: Mental health treatment plan.

Australian Psychological Society

This website provides a listing of Registered Psychologists, including areas of specialty and location: Find a Psychologist.

Psychologists set their own fees so there may also be a gap between what Medicare will pay and what is charged. Some psychologists do not provide a Medicare rebate so it is best to ask about fees prior to your session.

Services Australia

This website explains how the Medicare system works in relation to accessing mental health care under the Medicare system: Mental health care and Medicare.