Builder moves in; Parkview takes on Vue and Dalgety projects 13 September 2007; Townsville Bulletin By Tony Raggatt
A NEW builder is in town and they are taking on
Townsville’s tallest residential tower project as well as completing
a stalled unit scheme.
Parkview is an integrated property development
and construction company based at Sydney and they have been
appointed to build the 20-level Dalgety tower project in Denham St
and complete the $14 million Vue project on Stanton Terrace.
The group is headed by Sydney builder and
company director Tony Touma who was in Townsville yesterday laying
the groundwork for both projects and looking for other opportunities
for the company in the region.
"We are looking up and down the seaboard for
construction and development sites as a joint venture developer,
developer or contracted builder," Mr Touma said.
"At this stage in Queensland we have been
focusing on Townsville, southeast Queensland and Brisbane."
Construction is expected to start later this
year and is estimated to be completed by 2008.
The company employs about 180 people and has a
score of major projects in NSW and Queensland.
Parkview turned over about $330 million last
Site demolition is about to begin for its
37-storey Macrossan Apartments in Brisbane’s CBD and a 92-apartment
Kirra Beach project is nearing completion.
It is also building the Great Barrier Reef Yacht
Club and villas at Hamilton Island.
Parkview is taking over the Townsville projects
from Complex Pty Ltd which was placed in liquidation last month.
The Vue project is being developed by Sydney
architects Bruce James and Partners with investors including Fortia
Funds Management, the developer of the Dalgety..
Subcontractors and suppliers to Vue have claims
for payments understood to total about $1.5 million, although
Complex liquidator Paul Gidley of Ferrier Hodgson said it did not
look hopeful for a significant return.
Complex had claims for about $3.1 million on Vue
while the developers had a claim of $4.6 million from Complex
relating to its inability to complete the project, he said.
Creditor claims on Complex, outside of any
damages claims, amounted to about $4 million.
"There may be some return ... at the moment it
does not look hopeful for a significant return," Mr Gidley said.
Mr Touma said they wanted to get in and complete
the job using as many local contractors as they could although he
understood there was resistance for contractors to return.
"What’s happened in the past we are not in
control of," he said.
"We have negotiated two-week payment to
subcontractors direct and that’s been happening.
"We just want to finish it and move on and
hopefully contractors will see Parkview as someone who has rolled up
their sleeves and is getting on with it."
Master Builders Association regional manager
Wayne Pelling said it was good to see a company was willing to come
in and complete a stalled project.
He said the fact that Parkview’s first action
was to conduct a safety audit of the site was a good indication they
were a professional operator.
"One can only hope the investors and
subcontractors who will continue to work on the project will
eventually reap the benefits of seeing it completed," he said.
Parkview Suite 3, 2 Wentworth Park Road, Glebe NSW 2037
Postal: PO Box R1779, Royal Exchange NSW 1225
Phone: +61 2 9506 1500 Fax: +61 2 9506 1599 Email: firstname.lastname@example.org