Work has resumed at 11 State Circle, Forrest. Photo: Ian Bushnell.
Recent court action has confirmed that prominent Canberra developer Keggins has collapsed, with a liquidator appointed to a third company in the group.
Region first reported in March that Keggins was in trouble after work on a high-profile luxury townhouse project at a prestigious address in Forrest came to a halt and receivers Newpoint Advisory were appointed to the development company, JJ Forrest Pty Ltd.
An extensive listing for the development from Blackshaw Manuka was pulled after Region made enquiries about its status.
It is understood Keggins’ sole director had not been able to refinance the project, leaving trade companies in the lurch.
On 19 March, Canberra…