Mandurah Junction spared from Builton backlash

Homes safe: LandCorp says Mandurah Junction property owners won’t be affected by Builton’s collapse. Photo: Facebook.State government development agencyLandCorp said the collapse of buildingcompany Builton on January 23 that left the company owing $16 millionwill not affect the Mandurah Junction development.
Nanjing Night Net

DespiteBuilton claimingto be the builder on their website up until their collapse in January, LandCorp said theyremoved thecompanyfrom the project in May 2016 due to disagreements over pricing.

The development ofMandurah Junction’s stage twowas a joint venture between LandCorp, Builton and Aspireon Homes.

As part of the stage two of the development, LandCorp released 17 house and land packages deals with Builtonin2014, 13 of which were sold.

LandCorp chief Dean Mudford saidall 13 homes had been built, meaningproperty owners won’t be impacted by the collapse of Builton.

“LandCorp’s understanding is that all 13 lots have reached build completion and consequently purchasers will not be impacted by the collapse,” he said.

“Builton’s exclusivity on the four remaining house and land lots was removed on May 5, 2016.

“These lots have subsequently been allocated to another builder as house and land packages.”

A LandCorp spokesman said the partnership between LandCorp and Builton‘mutually terminated’ in 2016because Builton couldn’t meet LandCorp’s price.

“We believed they needed to be a certain price and Builton couldn’t meet it, so we agreed to go our own way,” he said.

Builton’s voluntaryadministrator Dino Travaglini confirmed that Builton was the builder in Mandurah Junction and that the company had not returned to site following the collapse.

“Although we cannot say definitively, there are no plans to return to site at this point,” he said.

Builton was also trading underBuilton Commercial,Platinum Homes,Aspireon Homes,Builton Living,Metrostart HomesandMutli Living by Design.

Mr Mudford said Builton isnot involved in the stage 3A of the development, which started in January 11.

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