The collapse of Brisbane-based Privium construction company has left hundreds of homes unbuilt across Australia and one family’s first home dreams in limbo in Toowoomba on Queensland’s Darling Downs.
Key points:
- Privium Group went into voluntary administration this week
- The chief executive says he is “deeply sorry” in mass email to “valued clients and suppliers”
- FTI Consulting will conduct an independent review into Privium’s financial position
Homecare worker Nicci Moynahan took possession of a block of land in late September and signed a contract to build her first home with a company called Build Today.
That company is associated with Impact Homes and Privium Group, which went into voluntary administration earlier this week.
Chief executive Rob Harder said in an email to “valued clients and suppliers” that he was “deeply sorry”.
“I understand that this is not the news you wanted to hear and that this will create real difficulties,” Mr Harder said in the email.
“My priority is to ensure that all homes under construction are completed, and to alleviate as much as possible, angst and complications.“
‘We just don’t know where to go’
Ms Moynahan did not receive that email and found out through the media the company meant to build her…