Company linked to developers of Ilford’s Pioneer Point towers goes into administration
A company linked to the development firm working on Ilford’s Pioneer Point towers has gone into administration.
Empire (SPV) Ltd, a company within the structure of Pioneer Point developers Empire Property Group, has called in the administrators.
A Redbridge Council spokesman said this morning it has been made aware “formally” that administrators have taken over the affairs of the company.
She added: “However it should be stressed that work to complete the construction and fit out of the Pioneer Point towers and podium block by the main contractor is continuing.”
Work was suspended at the site last Friday due to an “administrative delay”, with police called to the area after workers were allegedly not allowed to collect their tools before leaving.
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The Recorder has since been told that work at the site has stalled, but this has been denied by Empire Property Group.
A spokesman, speaking yesterday of behalf of Empire Property Group and parent company London and Regent, the construction firm for the Pioneer Point project, said: “London and Regent are working steadily to successfully complete work on Pioneer Point. We are on target for completion within weeks.”
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She added it remained “absolutely committed” to the project.
It is understood rooms in the two tower blocks were being fitted out, air condition units were being installed and electrical work was taking place when work was suspended on Friday.
The North Building of Pioneer Point is 35 stories, and the South Building 26 stories.
One worker, who asked not to be identified, said a meeting was being arranged for next week to discuss “the best way forward”.