Hamlen Homes goes under: Perth developer collapses after village project in East Victoria Park
The construction downturn has claimed another victim after a Perth construction firm collapsed, leaving behind a $50 million ‘urban village’ and several unfinished homes.
Western Australian builder Hamlen Homes, also known as Metro Homes WA Pty Ltd, was the latest company to default on Monday.
According to The West Australian, WA Insolvency Solutions has been appointed administrator of the company.
Hamlen Homes received approval to develop a US$50 million urban village in Perth’s East Victoria Park called East & Co prior to the company’s collapse.
Perth developer Hamlen Homes has gone under, leaving behind several active structures and a $50 million urban village (stock image)
The village comprised 52 individually designed homes with surrounding amenities and attractions.
It was to be located five kilometers from Perth’s CBD.
The company was also in the process of building seven homes for families, all of which have now been left in abeyance.
Source: | This article originally belongs to Dailymail.co.uk
https://www.soundhealthandlastingwealth.com/celebrity/hamlen-homes-goes-under-perth-building-company-collapses-after-east-victoria-park-village-project/ Hamlen Homes goes under: Perth developer collapses after village project in East Victoria Park