Two Canberra-based building companies responsible for some of the territory's newest projects have gone bust, with updates on the status of both made public on the same day. Subscribe now for unlimited access . Login or signup to continue reading All articles from our website & app The digital version of Today's Paper Breaking news alerts direct to your inbox Interactive Crosswords, Sudoku and Trivia All articles from the other regional websites in your area Continue Imagine Building Concepts Pty Limited was taken over by external administrators on the morning of October 9, according to documents lodged to the Australian Securities and Investments Commission (ASIC).
Liquidator Jonathon Colbran of RSM Australia has been appointed. The company, which previously traded under the name T & S Building Pty Ltd, has been working in Canberra since 2010. Imagine Building Concepts Pty Limited is directed by Tim Staines alongside his wife Sarah, who have over 20 years experience in the property industry.
They have at least five employees, according to the company's website. The company is understood to have three active projects. They include the Moment premium townhouses in Whitlam, which were due to be completed in early 2025.
The Acacia townhouses, also in Whitlam, were expected to be completed in July 2024. The Acacia luxury townhouses were being constructed by Imagine. A crane (inset) remains near the property.
Pictures by Keegan Carroll A custom-built home in Hughes was also being .
