No white knight for Porter Davis customers

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No white knight for Porter Davis customers
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Liquidators at Grant Thornton say they have not identified a party able to take on the completion of all 1700 homes left in limbo by the collapse.

have been dealt a blow after liquidator talks with “dozens of parties” failed to identify any capable of taking over all 1700 stalled builds.

and splurged on luxury cars and private school fees, went on television to claim he had a “pool of investors” behind him and a “massive package” to acquire Porter Davis and was waiting to hear back from liquidators, “Mr Migliani has not undertaken any due diligence and is unable to complete a transaction in an expedited time frame, which is a key requirement of the liquidators,” the spokeswoman said.

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