World · East Asia & Pacific · 14 hrs ago

Bathla collapse leaves 45 construction sites stopped in NSW

Bathla collapse leaves 45 construction sites stopped in NSW

Bathla Group’s collapse has stopped work at 45 construction sites in New South Wales, after the company entered administration in August.

The $3.4 billion collapse has affected projects that were still being built, including a development of 47 homes across from resident Rinnah Roque’s townhouse in Box Hill, Sydney’s north-west.

Some private equity investors have taken control of projects they funded and are looking for builders to complete them.

But builders may hesitate because they could be asked to guarantee work done by Bathla, which may be hard to check once walls are up.

Long delays could leave sites neglected and communities divided, with possible damage to nearby property values.

An industry group believes most projects will be completed, though major defects could make some too costly to finish.

Investors are still trying to appoint builders for the affected developments.

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What people are saying

Lyndall BryantProperty economics professor at Queensland University of Technology
If you're a builder coming into a job that's half-finished, you don't want to be warranting the work that someone else has done
via ABC Australia
Tom ForrestChief executive of Urban Taskforce Australia
I can't see that being the case in lots of occasions.
via ABC Australia
Rinnah RoqueBox Hill townhouse buyer
All of a sudden everything stopped, and what's so frustrating is everything was just left behind
via ABC Australia