The Merhis Group project was hit with a prohibition order last year and delays in completing rectification work triggered the receiver’s appointment.
Wingate, the provider of a senior debt facility to Merhis’ Imperial project at 9 Hassall Street, appointed Deloitte’s Jason Tracy, Sam Marsden and Tim Heenan as receivers and managers of the 179-unit apartment project earlier this month.James Brickwood
“Our focus will be on completing work required by the NSW Building Commissioner, obtain the certificate of occupation, settle pre-sales and get apartment owners into their new homes,” Mr Tracy toldAdvertisement Although much of the rectification had been done, delays in finishing the work prompted the decision to put the project into receivership. The receiver is expected to meet Building Commissioner David Chandler this week, sources said.