Nostra completes first ex-Porter Davis townhouses
- realestatetrendsin
- Sep 19, 2023
- 1 min read
One of the first developers to pick up the slack from the collapse of Porter Davis Homes (PDH) has completed its first batch of townhouses for the failed company's customers across two estates on the outskirts of Melbourne, while giving encouraging signs for a second round of builds that was optional under its contract with liquidators.
Nostra Property Group has handed over 19 townhouses to purchases in the Orana Estate in Clyde North and the Kingsfield Estate in Sunbury, representing a small portion of the 126 homes the builder is working on with the remainder due for completion within the next six months.
Nostra, which is known for such brands as Homes by Nostra and Banksia Homes, announced in April that it would undertake these builds and have the option to start construction on a further 169 ex-Porter Davis townhouses. Now it has been confirmed the group is in the process of acquiring these pre-sold projects.Nostra's managing director and founder Anthony Caruana says one of the biggest challenges when acquiring the Porter Davis medium density division was completing homes that were already half constructed.
"Building these townhomes was made possible by the assistance of the talented ex-staff members employed by Porter Davis, who ensured what is delivered on-site is what is on the plans," says Caruana.
コメント