NATHAN Tinkler’s Newcastle developer Buildev is planning to return to finish its long-awaited Medowie supermarket project, according to Woolworths.
A Woolworths spokeswoman told the Newcastle Herald the groups had met last week and agreed the project was going ahead.
‘‘They [Buildev] will be returning to the site to complete construction in the next couple of months,’’ she said.
‘‘We do not have any firm completion timelines at this stage.’’
Buildev’s construction arm Bolkm is building the supermarket that was granted approval by Port Stephens Council almost three years ago and was expected to open this year. The project has suffered major delays.
Mr Tinkler is the largest individual shareholder in Buildev. His Sydney-based public relations spokesman, Tim Allerton, said Buildev had signed a confidentiality agreement with Woolworths and could not comment on the project.
‘‘However, we are excited to be progressing the development, with our plans now updated in consultation with the client,’’ he said.
It is understood that, before last week’s meeting, the practical completion date was June30.
The Herald reported last week that the Hunter Development Corporation had rescinded a $120-million agreement for Buildev to develop a 62-hectare parcel of the former BHP steelworks site.
The corporation took back another Buildev site, Honeysuckle Central, in December after the company failed to pay $6million owing.
A Buildev spokesman said the company still hoped to hold on to the steelworks site.