Tag: Opal tower
Lenders are reluctant to lend and buyers don’t want to buy when it comes to high-rise developments. That’s according to RiskWise Property Research’s latest analysis of the construction industry, which has been hit hard over recent months following the high-profile cases of the Mascot and Opal towers in New South Wales. RiskWise CEO Doron Peleg […]
The final report investigating the issues into Sydney’s Opal Tower has been released, blaming multiple design and construction faults. While the building has been confirmed as “overall” structurally sound, “significant” rectification works are necessary to ensure that the building and all its structural components satisfy building compliance. The final report, which was compiled by independent engineers John […]
The NSW government’s investigation into the damaged Opal Tower in Sydney has found that the cracked residential building needs “significant rectification works” to repair and strengthen it. The report, which was prepared by an independent team of engineers found that while the building is overall structurally sound and not in danger of collapse, there are […]
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