Tarragal Glen Independent Living Apartments Project – Workout and Delivery of Distressed Asset 

CSG Involvement: Transition Management through Voluntary Administration of builder before completing the project with CSG construction management delivery team as licensed builder and Class 2 Building Practitioner.    
Client: Retire Australia
Project Description: 42 no residential apartments over 4 levels
Location: Erina NSW 
Phase (Timing): August 2024 to July 2025 (Scheduled Completion)

CSG assisted this client navigate its way through a difficult transitionary phase of a Voluntary Administration (VA) on a partially completed project before assuming the responsibility for completing the project as replacement builder and licensed Building Practitioner under a construction management arrangement.

CSG provided a full range of ‘end to end’ construction management services to complete the project. This involved advising and assisting the client with the appointment of a voluntary administrator to completion of the project as construction manager, licensed builder, Class 2 Building Practitioner, with a highly experienced project delivery team.  

CSG proved successful at expediting a quick turnaround in resetting the project with the subcontractor and designers at minimal extra cost and lost time. The project is scheduled for completion in July 2025.