Builder upgrades HQ on Porter Davis collapse

Aliya is paying starting annual rent of $150,000 for the Bundoora office.
The empty reception area at 1/19 Enterprise Drive.

One of the 15 builders shortlisted by Porter Davis receivers Grant Thornton as able to assist deserted home buyers – and which has since employed many of the defunct builder’s ex-staff – has upsized its accommodation.

Aliya Homes is paying starting annual rent of $150,000 plus (c$12,000 pa) outgoings for the 643 square metre A-grade tenancy, 1/19 Enterprise Drive, Bundoora.

With open plan and glass partitioned offices, ducted heating and cooling, three toilets, a kitchen/tearoom and eight car parks, the property was listed mid-year by NSL Property Group’s Guy Naselli either for sale at $2.8m-plus or lease, initially seeking $139,000 per annum ex-outgoings.

The three level office with 18 suites forms part of MAB Corporation’s University Hill, at the north east corner of Plenty Road and the Metropolitan Ring, 15 kilometres north of Melbourne’s CBD; the area contains several commercial buildings, including showrooms, and a shopping centre (story continues below).

Porter Davis collapsed in March leaving 1500 unfinished homes in Victoria and 200 in Queensland; it was the country’s 12th largest builder.

The other shortlisted replacements, announced in April, include Beachwood Homes, Bold Living, Carlyon Homes (trading as Watermark Homes), Glenvill, Goldstate Homes, Granvue Homes, Langdon Building, Levonix Homes, Long Island Homes, McCarthy Homes, Oreana Homes, Symmetric Homes, Very Group and Z & Me (Kollins Corp).

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of