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KPMG takes over troubled Bowline Apartments project in Australia, offering refunds to buyers.
The Bowline Apartments project in Wickham, Australia, entered receivership in November 2024.
KPMG, the receiver, offered buyers refunds on deposits with interest and the chance to rescind contracts.
The project faced delays since 2019, including a water leak and frequent builder changes.
With construction halted in March 2024, KPMG now oversees a sale process, but no buyer has been identified.
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KPMG se hace cargo del problemático proyecto Bowline Apartments en Australia, ofreciendo reembolsos a los compradores.