Former Toll Holdings chief executive Paul Little has parted ways with the head of his six-year-old development business, Michael Fox, after the two differed in their views on the state of Melbourne’s apartment market.
Mr Little has taken a more cautious view than Mr Fox who left at the end of November. Mr Little said he was now looking to reduce his exposure to the permitted 940-apartment project in Melbourne’s Fishermans Bend for which he received approval for in July.