A firm appointed to take over Illawarra public housing projects abandoned since their principal contractors collapsed last year has itself gone into administration, leaving the fate of the projects uncertain.
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National building firm St Hilliers this morning announced it had appointed Trent Hancock and Michael Hird of Moore Stephens Sydney Corporate Recovery Group as voluntary administrators of the company’s construction arm.
St Hilliers was given a $25 million tender in March to finish about 181 homes and units in NSW that were funded by a Federal Government stimulus package, including sites in Towradgi, Tarrawanna and Warrawong.
The appointment followed the collapse of the original contractor, Perle, which left Illawarra sub-contractors out of pocket to the tune of about $1.4 million.
The impact of this morning’s development on the Illawarra housing projects remains uncertain, with St Hilliers only able to say that administrators ‘‘will be seeking to complete viable projects once they assess the position of each of the projects.’’
In a statement posted on the company’s website, group executive chairman Tim Casey said it was ‘‘very regrettable’’ that administrators had been appointed.
‘‘We will now work actively and constructively with the administrator and all stakeholders to continue all viable projects and to find a way to restructure the construction business going forward,’’ he said.
