HYECORP Property Fund Secures Credit for New Projects Tuesday, 05 February 2008 HYECORP Property Group is pleased to announce that it has secured funding for its new development projects and investment acquisitions. Unaffected by the global credit crunch, HYECORP's funding secures the groups finances over the coming 18-24 month period.

"We were pleased to see the aggressive approach shown by three of the big four banks to fund our projects- especially towards our property developments," says group director Michael Abolakian. "The deals show that funding is not an issue for property developers and fund managers with a diversified portfolio of quality projects in quality locations with an experienced management team."

The funding, provided by the Westpac Banking Group, is for two development projects in Willoughby and Frenchs Forest on Sydney's North Shore as well as a retail investment in the heart of the Top Ryde town centre. Funding was also secured for various raw, future development sites.

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