[CAN] New Mayfield | 41-61m | 11-17lvls | Mixed Use

[langrissa]

Can some clarify something and let me know if this is right?

Sturt land are the owner of the site & is where purchasers have deposits too?
Tagara is the developer who has been subcontracted to complete the work?
Sturt land still retains the deposits in a trust account not accessible to any legal proceedings?

As tagara has gone into liquidation will Sturt land just find another developer to complete the rest of the project?

As an owner of a stage 1 apartment I really feel sorry about the contractors who haven't been paid. Reading into it further, it seems to be a common theme in off the plan buildings.

The comment is incorrect and unfounded, subbies not getting paid has NOTHING to do with off plan sales

[jk1237]

I noticed Woods Bagot signs on the fences as I rode past today. Does this mean anything?

[Ben]

I noticed Woods Bagot signs on the fences as I rode past today. Does this mean anything?

That's the architect

[Pikey]

According to a MBA rep on FiveAA this morning, a new builder has already been appointed and will be announced today. I'd say that suggests that the developers knew of the predicament that Tagara were in for some time...

[langrissa]

Apartments for Stage 2 have been released and their website have been updated

[ghs]

They're advertising this on the radio all the time, unfortunately
I think it will be a month or two before we see work progressing
again.

[rev]

So whose the new builder?

[Jaymz]

So whose the new builder?

Watpac

[ghs]

I checked the asx announcements for Watpac and no
announcement at this stage.

[Jaymz]

I checked the asx announcements for Watpac and no
announcement at this stage.

I can assure you, as a purchaser of an apartment in New Mayfield long ago, that Watpac has been appointed the new builder of this development.

[rev]

I checked the asx announcements for Watpac and no
announcement at this stage.

Do they have to announce to the ASX every project?

[Ben]

I checked the asx announcements for Watpac and no
announcement at this stage.

Do they have to announce to the ASX every project?

Of significance yes otherwise insider trading. I doubt a contract has been signed if it hasn't been announced. This project is massive.

[monotonehell]

I checked the asx announcements for Watpac and no
announcement at this stage.

Do they have to announce to the ASX every project?

Of significance yes otherwise insider trading. I doubt a contract has been signed if it hasn't been announced. This project is massive.

Probably scrambling to spec it, half done jobs require a lot of examination to see how far things really are.

[Dvious]

A few workers back on site today, and a couple of trucks too. A couple of blokes appeared to be putting up a sign out front of some sort.

[Pikey]

Here's all the confirmation needed.



That new fence extends around the entire site too.