Friday, 30 January 2009

Parramatta. Wincrest Homes in administration

Wincrest Homes, a Parramatta-based family company has gone into voluntary liquidation, with about 100 homes under construction and owing $12 million. Bruce Gleeson, of Jones Partners, who has been appointed administrator, said Wincrest confirmed owing $6 million to its secured creditor, St George Bank, $4 million to tradespeople and contractors and a further $2 million to related parties, The Sydney Morning Herald reported. In addition to homes under construction, Wincrest is believed to have taken deposits from a further 20 customers


North Ryde. OK for concept plan likely in 2009

Ministerial approval of Macquarie University’s concept plan is most likely to be received in mid 2009, and will establish it as a “site of state significance”, according to the university. The plan “contemplates” an additional 400,000 square metres of broad commercial gross floor area (GFA) outside the academic core, additional 61,200 square metres of academic GFA within the academic core, additional 3450 beds within the University Housing Precinct; and road networks, landscaped open space and car parking facilities. The university forms part of the global economic corridor identified in the State Government's Metropolitan Strategy.