Action at the Beaches Simcorp site

A CONSTRUCTION crane that has been dormant for more than a year at the stalled Beaches high-rise development at Park Beach has been dismantled.

The work was carried out on the Ocean Pde site yesterday, six months after receivers, the Westpac Bank, foreclosed on the Gold Coast developers Simcorp Developments and the Hill Family Trust.

Builders have worked during the past fortnight to secure the incomplete apartment block, raising questions over a possible sale of the site and its completion.

The debt-ridden $13 million development has been a bone of contention in the local building industry, with some sub-contractors left up to $50,000 out of pocket.

Construction consultant APP has confirmed an assessment of the site is under way.

“The Westpac Bank is reviewing the options and the site is being secured,” APP project manager Peter Fraser said.

When asked if the bank intended to on-sell the incomplete apartment block, he said: “That's one of the options being considered.”

Coffs Harbour's other controversial building project, the failed Housing NSW units on Harbour Dr, is again in the news.

Member for Coffs Harbour Andrew Fraser has demanded that Housing Minister Frank Terenzini offer the same settlement apparently being given to Wollongong sub-contractors affected by the collapse of private contractor Perle Pty Ltd.

“A report in the Illawarra Mercury on March 16 has stated that: ‘Illawarra sub-contractors owed more than $1 million have been told to expect a positive resolution within a fortnight, almost two months after the collapse of building firm Perle',” Mr Fraser said.

“Union representatives have told the sub-contractors to expect a positive resolution within a fortnight.”

The company has left debts of $1.7 million in Coffs Harbour.



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