Is credit crunch to blame for halt on apartments?

7:40am Friday 5th September 2008

‘BESPOKE architectural design’, says the website launching new luxury apartments in the town centre.

But the reality is somewhat different at Pyramid Court on Winmarleigh Street, where 20 one-, two- and three-bed apartments are planned, with prices starting at £133,950.

Scaffolding surrounds the half-built development and hoardings, plastered with an artist’s impression and a marketing suite number, cover the bottom of the building.

A huge expanse for a window is boarded up rather than glazed and most noticeably the building site is bereft of builders.

Mystery surrounds the future of the development, which has not seen any work being carried out for more than a month. Warrington Borough Council says that on its last visit at the end of last year there were no health and safety problems at the site and had not halted the work.

A spokesman for QED Scaffolding, which has supplied scaffolding for the site, said it had not been instructed that the scaffolding might have to come down soon.

The spokesman said: “With the housing market being as difficult as it is, I guess it is as a result of the credit crunch.”

The Warrington Guardian made several attempts to contact Balfour Homes, a Knutsford-based company which has the development for sale on its website, but it had not responded as the paper went to press.

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