Porter Davis liquidators unable to find suitable buyer to take over building of 1,700 homes
by Adeshola Ore from World news | The Guardian on (#6AMYR)
Grant Thornton hopes to finalise discussions about solutions for parts of the builder in the next week
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Liquidators for the collapsed construction company Porter Davis say they have rejected approaches from potential buyers, leaving the construction of 1,700 dwellings in limbo.
The announcement is the latest blow for thousands of customers of one of Australia's largest homebuilders, which collapsed less than two weeks ago after it was unable to find a financial backer to fill a $20m funding hole amid pandemic-induced rising construction costs.
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