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The Guardian - AU

National

Adeshola Ore

Porter Davis liquidators unable to find suitable buyer to take over building of 1,700 homes

Porter Davis Grant Thornton

A partially finished Porter Davis home. — Liquidators say they hope to provide clarity to Porter Davis customers about options to engage new builders to finish their homes. Photograph: Jono Searle/AAP

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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