In light of the current climate we want to reassure our buyers that Canaway Court remains our number one priority and all updates will be issued via this website.
30th April 2020 – update
On 24th April 2020, Colmar Construction Limited was placed into Voluntary Administration and on the 29th April 2020 the matter migrated to Liquidation. St Georges Place (Poole) Ltd had made all payments in full due under our Canway Court contract on time, the last one, the March month end valuation being received by the company on the 21st April 2020. The site had reopened on Monday 20th April and good progress was being made with Social Distancing Measures in place, however to the surprise of the site staff, instructions were issued to lock-up the site on the morning of the 29th April 2020. Discussions with the directors of the company have since confirmed the company has gone into liquidation.
Black Gold Developments (UK) Limited is currently preparing to take over the site and complete the development once the build contract terminates following liquidation in mid May. We have the skills and capability to finalise the project and will continue to support our subcontractors as they return to work on the project under the Black Gold Developments banner.
20th April 2020 – update
After careful consideration Colmar Construction will be reopening the Canaway Court site on Monday 20th April 2020 and reengaging in the project.
We are working closely with Colmar to reopen the site while implementing the Government guidelines for working in the construction industry. Staff safety and well-being remains our priority.
Please keep visiting this page for further updates.
3rd April 2020 – statement
Currently, Colmar Construction (The Main Contractor) has taken the decision to close the Canaway Court site on the 24th March 2020 during these difficult times to secure the safety and well-being of its workers. This is clearly a difficult time and we are working with Colmar to assess the situation. All materials and labour are sourced locally to Poole and are not affected by overseas supply chains or manufacturers. We will work with Colmar to reopen the site as quickly as possible while implementing the Government guidelines for working in the construction industry.
The project started on-site in July 2019 on a 78 week build contract, despite three weeks of weather delays over the winter, Colmar, to their credit, were still two days ahead of the build programme at the time of the Covid-19 closure; an excellent result and reflects the efficiency of the building to BIM.
It is hoped that the date set for practical completion, December 2020, will still be achieved. Of course, we will keep all clients who have reserved up to date with news. There are no financial concerns for the project, Colmar will be paid along with their subcontractors on regular monthly valuation terms. The borrowing with Lloyds Bank Poole, by Black Gold Developments for Canaway Court currently represents less than 20% of the projected total construction costs and is completely manageable by the developer. Our Black Gold team continues to support the project while working from home and are available to answer any questions.