A Dyldam spokesman said the company had been in dispute with the NSW Office of State Revenue over the last year in regard to the value of a vacant block of land in Carlingford, called Lexington. A spokesman for Deloitte Restructuring Services partner David Mansfield, the liquidator of Rainbow Carlingford One, said the directors were assisting the liquidator and have advised that they intend to file an application with the court to have the liquidation terminated, which they say will be in the best interests of creditors.
We have commenced gathering information to get an understanding of the company's creditors and its operations to assist our investigations, and are also in communication with a range of stakeholders," said Mr Mansfield. Dyldam is developing several projects totalling more than homes in Carlingford, a suburb flush with apartment projects 18 kilometres north-west of the Sydney CBD.
Many projects in Carlingford and neighbouring Epping have struggled with pre-sales, leaving some developers in strife with their lenders and others having to fire-sell finished units. Skip to navigation Skip to content Skip to footer Help using this website - Accessibility statement. Larry Schlesinger and Su-Lin Tan. Mar 6, — 9. Larry Schlesinger writes on real estate, specialising in commercial and residential property.
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