The Trustee advises:
· With wet weather and public holidays, there were only 17 work days on site in April.
· Work was delayed as the contractor encountered unsuitable fill material, which had to be excavated and removed off-site; these works are continuing.
· Bulk earthworks are nearing completion, with the transport of fill on hold until soil rectification works on Lot 1 are completed.
· Civil works program is now due for completion by the end of July 2026, subject to further weather conditions.
· National Storage agreed to the extension to the Sunset Date in the contract as requested by the project lender.
Further information is set out in the Fund Update dated April 2026.
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