Nostra to take over arm of failed Victorian building company Porter Davis

 The liquidator for failed builder Porter Davis has reached an agreement to sell part of the business to a Victorian construction firm.

Nostra Property Group will take over the multiple dwelling arm, which was primarily responsible for townhouse projects.

The collapse of Porter Davis left about 1,700 home building projects in limbo, with the majority of those in Victoria and about 200 in Queensland.

Liquidator Grant Thornton said that would allow up to 375 homes to be finished, including 126 townhouses that were designed by Porter Davis and were already underway as well as another 169 developments that were yet to begin construction.

Read More: https://www.abc.net.au/news/2023-04-17/nostra-porter-davis-liquidator-sale-agreement/102230380




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