I did my usual round of walk in the CBD today. When I came to the Princes Wharf, I saw a scaffolding system at the building opposite Hilton. Being curious, I approached a guy at the maintenance site. He showed me a large rubbish bin full of rotten wood. He said they were removed from the 7th and 8th floors as water leakage had damaged the walls. He implied all other buildings have the same cladding problem, and whispered to me that it's not in the news yet.
As soon as I returned home, I did a Google search but could not find any news on the leakage issue. Does anyone know about this issue? I recall David Henderson redeveloped Princes Wharf and he used to live in a huge penthouse there. There are several commercial properties in the buildings now on the market for sale or lease. Be cautious if you are going to buy or lease any one of them. Due diligence is warranted.
As soon as I returned home, I did a Google search but could not find any news on the leakage issue. Does anyone know about this issue? I recall David Henderson redeveloped Princes Wharf and he used to live in a huge penthouse there. There are several commercial properties in the buildings now on the market for sale or lease. Be cautious if you are going to buy or lease any one of them. Due diligence is warranted.
Comment