With presales announced for Stages 6B, 7A and 7B, Serenitas has moved quickly to replace PBS Building, the contracted builder of its latest Over 50s land lease resort.
PBS Building downed tools at Latitude25 RV Lifestyle Community in Hervey Bay, 290km north of Brisbane’s CBD, before it went into voluntary administration on 7 March.
The gated Latitude25 RV Lifestyle Community, launched by Serenitas CEO Rob Nichols in March last year, is only partly built, as the masterplan above shows.
Linda Kadel, Latitude25 RV Lifestyle Community Marketing Manager, said it has employed Nikenbah Constructions to take over the contract.
“Nikenbah Constructions has the structured ability to continue this project through to completion. Key personnel have been transferred and trades have returned to site, sustaining momentum on the delivery of homes,” Linda told the SOURCE.
“Sales have been strong, and settlements continue to take place.
“To date, Latitude25 Hervey Bay has sold 152 homes with 300 homeowners. There are currently 46 homes under construction and Nikenbah Constructions is comfortable that any delays to the construction programme have been minimal and it is anticipated that current purchasers will not be impacted.”
The Weekly SOURCE published last Wednesday stated that a total of five projects by Not For Profit Anglican Sydney and For Profit Retirement Living by Lendlease had been caught up in the demise of PBS Building, which saw all of its 45 projects stop on 3 March.
In a statement, PBS founder Ian Carter said it had secured, not abandoned, sites “with the express purpose of not incurring any further expenses”.
“We are the latest, but we won’t be the last construction group to buckle under the weight of a broken industry and way of doing business that needs urgent reform,” Ian said.
