New builders, $15m bailout: Porter Davis collapse fallout continues
About 1700 homes across Victoria and Queensland were left in limbo when Porter Davis suddenly shut in March owing creditors $147 million.
Source: smartcompany.com.au
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Builders appointed to finish Porter Davis victims' homes
The Victorian Managed Insurance Authority says more than 1100 claims decisions have been made and $3 million has been paid to affected Porter Davis customers in the nine weeks since the building company collapsed.
Source: brisbanetimes.com.au
New builders found as Porter Davis collapse laid bare
Customers of collapsed builder Porter Davis could have their unfinished homes completed by new contractors, while the company's...
Source: newcastleherald.com.au
Melbourne luxury property: Simonds family sells new Toorak home for $12m
The sale came after the family had to dip into its own pocket to underwrite a capital raise for ASX-listed home builder Simonds Group.
Source: afr.com
Home builder Simonds Group will ask shareholders for $25.5 million in renounceable offer
The troubled builder’s second-largest shareholder, Newcastle-based NXT Building Group, has already said it won’t stump up more cash.
Source: afr.com