Prestige Melbourne home builder Canny Builders goes into voluntary administration – Property Observer

The prestige Melbourne home builder Canny Buildershas entered voluntary administration.

Builder Damian Canny called in the accounting firm PKF last Friday with the administratorsGlenn FranklinandJason Stone assessing whether the business can be sold.

PKF said it is already aware of a number of parties interested in the business and the companys IP.

The 12 affected owners of home under construction have been contacted, the realestatesource website advised.

Mr Franklin said all efforts will be made to transition these projects as part of a business sale or facilitate a transfer to builders of the home owners choice.

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Read the full article at: https://www.propertyobserver.com.au/forward-planning/investment-strategy/property-news-and-insights/99143-prestige-melbourne-home-builder-canny-builders-goes-into-voluntary-administration.html