WA-based home builder BGC says it remains committed to completing unfinished homes as its cement division goes on the market.
The cementitious division – which includes BGC Asphalt, BGC Cement, BGC Concrete, BGC Quarries, BGC Transport and the company’s Materials Technology Centre – will be sold as a standalone business.
Brianna Murphy has been waiting nearly five years for her Bushmead terrace home to be completed with builder BGC.Credit: Claire Ottaviano
BGC chief executive Daniel Cooper said there would be no change to day-to-day operations during the sales process.
“For those customers who are building with us, I want to reassure you we remain firmly focused on completing your home as fast as possible,” he said.
Since ceasing new home orders in April 2023 to deal with a backlog of stalled builds, BGC has handed over more than 1800 homes with 90 per cent of their contracts now passed the lock-up stage.
BGC Contracting was put on the market in 2018 by the company’s family shareholders who decided to split BGC up after legal proceedings between the heirs of founder Len Buckeridge’s $2.5 billion estate.
The plasterboard and fibre cement division was also sold in 2023.