Built Environs walks off Datong’s U2 project
UNCERTAINLY surrounds the construction of a high profile CBD apartment block as the site enters a fourth week since the builders walked off in an alleged dispute over non payment.
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UNCERTAINLY surrounds the construction of a high profile CBD apartment block as the site enters a fourth week since the builders walked off in an alleged dispute over non payment.
A handful of employees from contracted builder, Built Environs, were spotted walking around the U2 site — on Waymouth St — yesterday morning and confirmed some work may take place later this week in order to make the site secure, but were unable to offer any detail.
Developer Datong has largely shut down communication since the fall out believed to be around the non payment of a tranche of $3 million to Built Environs, a figure Datong agreed to pay on Wednesday last week. It is not known whether this has been paid.
Built Environs had deferred its right to terminate the contract while Datong sought secondary finance to continue construction on the 257 bedroom complex.
It is unknown whether Datong has communicated with its many Chinese buyers since building stalled, some of whom bought several U2 apartments in an opening day sales frenzy which allegedly generated $25 million in May 2015.
The uncertainty thickened with the return to China in November of Datong chief Jin Liang, a well known visitor to Adelaide Casino and who recently became an Australian permanent resident.
Datong director Ping Huang last month confirmed a temporary break in construction on the U2 project.
“This matter is currently being resolved and we have no doubt that construction will recommence in the very near future,” he said. “We have the full support of Built Environs in this regard.”
Built Environs did not return calls from The Advertiser yesterday.
Datong was unable to add any further comment last night.
Contact richard.evans@news.com.au
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