Pindan

A new mercury waste treatment plant in the state’s north-west is aiming to process a large share of the local oil and gas industry’s waste.

Belmont-based Pindan has secured a $7.8 million state government contract to design and build a new bus depot in Mount Claremont.

Pindan is set to expand its operations to the Gold Coast, after being granted development approval for a 25-storey apartment building.

SPECIAL REPORT: The WA residential builder market remains well down from its 2013 highs, despite homes becoming more affordable.

Belmont-based Pindan has been awarded a $6.4 million state government contract to complete upgrades at Collie Senior High School.

Four of the largest construction contractors in WA - unlisted companies Pindan, Georgiou Group, Doric/Jaxon and Perkins Builders - have achieved strong earnings and anticipate better conditions ahead.

Pindan has secured a state government contract as part of a project to build a new headquarters for the WA branch of the Returned and Services League on St Georges Terrace.

Osborne Park-based Universal Constructions has secured a $14 million state government contract to build a new primary school in Caversham.

Perth-based digital agency Firefly360 has boosted staff numbers in preparation for an increase in work next year, adding three experienced members to its team.

Pindan has been awarded a $45 million contract to build a 780-room construction camp at Rio Tinto’s $3.5 billion Koodaideri project in the Pilbara.

Georgiou Group has been awarded a $42 million contract to build new facilities at Hollywood Private Hospital while Pindan has been appointed as builder for a housing project in Manjimup.

Aged care group Rosewood has appointed Pindan for its latest build, a $70 million facility to be built on Cleaver Street in West Perth that will include a restoration of the heritage-listed Florence Hummerston Lodge.

International hotel group Hilton has chosen Albany to open its first Hilton Garden Inn in Australia, with construction starting on a five-storey, 108-room waterfront hotel this week.

Singaporean development group Oxley Holdings has moved to full ownership of Pindan for zero cost, after cancelling around $24 million in debt while also disclosing that the local contractor had failed to meet performance targets.

SPECIAL REPORT: Western Australia’s record housing downturn has shaken up the hierarchy of the state’s biggest builders, with ABN Group now topping the list and two new entrants making their way into the market’s top five since industry activity peaked midway through the decade.

Pindan has been awarded a $90 million contract for the construction of an operations village for Rio Tinto’s Koodaideri iron ore project, with the announcement coming less than a week after Oxley Holdings acquired full ownership of the contractor.

Subiaco’s apartments market is running hot, with Blackburne racking up rapid sales success at its $280 million One Subiaco development and boutique developer Celtic Properties launching an 82-dwelling development on Roydhouse Street.

Pindan will undertake property and maintenance services for Yara Australia in the Pilbara for the next five years, under a contract worth $7.5 million.

Building firms ADCO Constructions and Pindan have secured a pair of contracts collectively worth around $24 million, with ADCO to expand Osborne Park Hospital and Pindan to build a new community centre in Kalamunda.

Developers have made progress on a pair of near-city apartment projects, with construction starting on a $15.5 million complex in Highgate by Momentum Wealth, while Willing Property has secured approval for its Clifton & Central project in Mount Lawley.

Construction will start within weeks at Iris Residential’s $50 million One Mabel Park boutique apartments complex in Jolimont, with Pindan appointed to carry out the works.

Work has begun on a Fremantle apartments project that promises to enliven the port city’s east end, while a $6.8 million redevelopment of Beechboro’s Altone Park Shopping Centre has also kicked off.

Major commercial construction jobs have been derailed by the novel coronavirus crisis, with neither the public nor the private sector stepping up to provide certainty for contractors.

Perth-founded property group Pindan has added to its growing presence on the east coast with two design and construct contracts in NSW.

Aged care and retirement living service providers are pushing ahead with property developments, but say COVID-19 could have a lasting impact on the sector.

Property group Pindan has secured a $3.4 million contract for work on Fortescue Metals Group’s Iron Bridge magnetite project in the Pilbara.

One of WA’s largest construction groups has avoided a dispute over allegedly defective building work after arguing the work was undertaken by an entity in liquidation.

Property group Pindan has secured work on a $16 million boutique apartment block in Mount Lawley, with construction to begin this month.

With property groups increasingly understanding the potential of heritage assets, Business News explores some of the state’s prominent heritage redevelopments and those in the pipeline.

The ranking of WA’s largest private companies has changed dramatically over the past decade.

Pindan has recently secured $31 million worth of construction work in the education sector, with contracts spanning Mandurah to the Pilbara.

Pindan has started construction on Momentum Wealth’s 36-apartment project, which forms part of the state’s governments social housing package.

Construction company Pindan Contracting is suing one of its subcontractors for allegedly failing to complete work as part of a $90 million contract it held with Rio Tinto.

Former Pindan Group director Nicholas Allingame has launched a multi-million dollar lawsuit against the property giant, as subcontractors walk off their jobs amid rumours about the company’s future.

Administrators from EY have been appointed to various Pindan Group companies from 5pm this afternoon.

Pindan Group’s assets could soon be on the market as administrators EY trawl through the remnants of the construction group, with 500 subcontractors expected to be affected.

The directors of Pindan Group have told staff the company had little choice but to appoint external administrators amid revelations of more than $48 million in losses.

Pindan's Singaporean owner wrote a letter to the group last year confirming it would support all Pindan companies to remain solvent until at least October 2021.

The state government is in the process of investigating the fallout from the collapse of construction giant Pindan Group after three group companies were placed in administration.

Hundreds of affected businesses will gather next Friday for Pindan’s first creditors meeting since the construction giant's collapse, as administrators attempt to keep staff in work.

The state government has defended its decision to award construction tenders to Pindan, revealing the company passed all financial due diligence checks just six months ago.

The Pindan group paid EY $120,000 to conduct a review of its business in 2019 and again engaged the firm's insolvency experts to provide restructuring assistance in May last year.

The state government has today released funding to facilitate the operation of the asset management arm of Pindan Group, with interest from parties hoping to restructure the business.

The state government is expected to introduce a new bill to improve security of payment across the state’s construction industry today, one week after the collapse of construction giant Pindan.

Creditors have given administrators the green light to delve into the affairs of embattled construction giant Pindan Group, with an investigation of whether there was any insolvent trading.

Dozens of subcontractors and employees affected by the collapse of construction giant Pindan have rallied on the steps of Parliament House this afternoon.

Australian maintenance services provider Programmed has taken over the operation of Pindan Group's asset management arm today, a move expected to preserve more than 100 jobs.

The Supreme Court has granted the administrators of Pindan an extension of the convening period to facilitate the sale of the company’s asset management arm.

WA’s civil construction industry could be facing the perfect storm.

New legislation aims to provide better protection for payments to subcontractors, but some say it misses the mark.

The state government has confirmed its $35 million per year social housing maintenance contract will continue following the approved sale of Pindan Group’s asset management arm.

The state government awarded Pindan two multi-million dollar contracts despite having assessed the company as a financial risk because of its failure to meet several financial thresholds.

The administrators of embattled construction company Pindan have been granted another extension, while flagging a potential claim against the company’s directors for insolvent trading.

A rapid swing in momentum in the construction market has toppled businesses, and there are signs more could follow.

Pindan Group’s offshore owner has provided a $17 million loan to pay out its secured creditor as it works on a restructuring for other creditors owed $75 million.

Pindan Group's Singaporean owners have proposed a DoCA with $7.5 million for employees and creditors in the coming weeks.

A $20 million bid to save construction giant Pindan Group was withdrawn 48 hours before the company entered administration.

Contractors and employees left out of pocket by the collapse of Pindan could face further payment delays, as Oxley Holdings revises its $7.5 million offer amid threats of legal action.

An eleventh hour move by Pindan's Singaporean owner to almost double its DOCA proposal to $12.3 million will lead to an adjournment of a planned creditors' meeting tomorrow.

Aged Care provider Rosewood has employed its own contractors to finish its $70 million West Leederville facility, after work was brought to a standstill by the collapse of Pindan.

Pindan’s Singaporean owner has upped its deed of company arrangement proposal to $14.3 million, lodging the third and final offer ahead of the creditors meeting next week.

Kwik Haul is suing Pilbara Resource Group for damages over an alleged breach of its service agreement.

UPDATED: Administrators have recommended Pindan Group's creditors accept Oxley’s $14.3 million payment offer, but that claimants from its contracting arm reject the move.

Creditors of Pindan and its contracting arm have accepted a $14.3 million deal from its parent company, despite more than 220 getting an average return of less than 0.56 per cent.

A lack of homeowner warranty insurance for apartment developments can be a deterrent for buyers, but industry is seeking change.

The 11,000 square metre Belmont property once occupied by collapsed building company Pindan is up for sale, one of several assets to hit the market.

Builders are struggling to stay afloat amid a sea of cost, labour and supply chain issues.

Fremantle’s Walyalup Civic Centre navigated some choppy waters to emerge as the top project at this year’s WA Architecture Awards.

WA building companies are learning from the collapse of competitors over the past 12 months.

The developer behind East Perth’s $23 million Ibis Styles hotel is suing one of its subcontractors for damages after a water leak forced the closure of several rooms within months of it opening.

St John WA has snapped up the Belmont property for $11.55 million, as part of its expansion plans.

Creditors of Pindan Constructions are set to find out how much of their debt will be recovered in a matter of weeks, 14 months after the building group collapsed owing creditors $90 million.

A City of Fremantle report has revealed construction costs for its new civic centre have blown out by $16 million.

Apartment developers are facing increasing costs amid tightening margins and constrained supply.

A Pindan contractor allegedly left $1 million out of pocket by the company’s collapse is now pursuing Rio Tinto for the cash, demanding it hand back the facilities at Gudai-Darri.

A contractor of failed builder Pindan claims its decision to work on Rio Tinto’s $90 million Gudai-Darri mine camp has cost it $3 million, as it gears up to claw back the facilities it supplied.