Back in March this Year Joe was quoted as seeing opportunities in the market saying:
"You do need to be strategic in what you invest in,” . We’ve been around for a number of years, I’m sure we can handle this (downturn).”
So where has the deal maker Joe been? Is he trying to recruit his "buddy" Pete Costello to join him in a life of deals on Collins street? Is he taking over the Dubai property industry?
Or is he just trying to keep his head above water as the banks take a long hard look at his projects and their underlying assumptions.
Come on Joe, throw us a bone and let us know what you and your crack investment team are up to...