Condev Construction, a Queensland commercial builder, was set to appoint a liquidator on Wednesday after soaring costs and clients who were not willing to advance the privately owned builder any further funding in a position where it could not keep trading. The company with 18 projects – 14 in gold coast – had put a…
Australian building giant Probuild has gone into voluntary administration after a problem-laden high-rise project drove the company into debt, meaning up to $5 billion in commercial and public sector projects are in jeopardy. It was tools down on Wednesday night across the country, and 750 dismayed employees along with countless contractors have woken up today…
perth Airport has seized a number of parked Virgin Australia aircraft because of unpaid invoices, with the airport saying it must “protect its own interests”. Dramatic images show a bulldozer blocking one plane on the runway at the airport. It is the latest development in Virgin’s potential demise – the biggest collapse of an Australian…