According to the article in SMH, Beechwood was placed in voluntary administration yesterday!
http://www.smh.com.au/news/national/bui ... 91725.html
It's sad to hear these stories... these guys had pretty good designs!
- devank
Browse Forums General Discussion Re: Beechwood gone?? 6May 14, 2008 6:36 pm Internal and External Building and Colour Consultant Online - Worldwide http://www.denovoconcepts.com Re: Beechwood gone?? 9May 14, 2008 8:01 pm Internal and External Building and Colour Consultant Online - Worldwide http://www.denovoconcepts.com Re: Beechwood gone?? 11May 14, 2008 8:05 pm Internal and External Building and Colour Consultant Online - Worldwide http://www.denovoconcepts.com Re: Beechwood gone?? 14May 15, 2008 11:03 pm The news tonight said that Masterton would complete Beechwood's partially-built homes at no extra cost. Considering I'm not a fan of Masterton, I think what they have offered is great. Hopefully everyone will get their home finished quickly.
Judie Re: Beechwood gone?? 15May 16, 2008 6:32 pm I thought it was great that Masterton offered to come to the rescue, or maybe it's just partly to the rescue They took out a large ad in the morning paper today stating that anyone who had paid their initial deposit to Beechwood but had not signed their building agreement yet should contact them, as they would waive the deposit and finish their home.
No mention of the poor people who have signed the contract or are already into the building process. If you've just paid the initial deposit, that's no real biggie in $$$ terms of the whole thing to walk away from or lose, but for those who have made several sizeable progress payments, the stress continues....I don't think any rescue is quite at hand for them yet. We built 13 years ago with Beechwood and found them extremely professional and did not have ANY problems at all (unlike we have expereinced this time). And yes, I always thought their display homes looked like bordellos - just YUK - they never changed their style! Built a Clarendon 'Balmain' 2008 Re: Beechwood gone?? 16May 22, 2008 7:16 pm The guy that owned Beechwood sold the business a few years back to his brother.
Just before christmas 07, the original owner and his son were looking to buy it back for something like $16mil cash but it didnt go ahead.... I wonder why! The original owner now owns Asquith homes and the son owns Alkira homes. These guys must have some big $$ to go offering cash like that. Re: Beechwood gone?? 17May 22, 2008 7:18 pm Never trust your family!!!!!! Internal and External Building and Colour Consultant Online - Worldwide http://www.denovoconcepts.com Re: Beechwood gone?? 19May 22, 2008 7:22 pm No……North Nowra, and more than a few acres. Internal and External Building and Colour Consultant Online - Worldwide http://www.denovoconcepts.com Re: Beechwood gone?? 20May 22, 2008 7:25 pm And I just remembered…..I don’t think Beechwood have devolved that land yet!
I might be wrong….but I pretty sure it still bush land. Internal and External Building and Colour Consultant Online - Worldwide http://www.denovoconcepts.com |