Appointed liquidators Hamilton Murphy will be working to recoup costs for the 330 creditors, who are owed more than $100 million. The SKM group has been in external administration since August. SKM abruptly stopped accepting household recycling from more than 30 councils in late July after the Environment Protection Authority ordered another SKM-linked company, Glass…
melbourne builder Verve Construction has joined apartment developers Ralan and Steller and and national building supplier SWC as a big property development casualty of 2019. The Abbotsford-based company, owned by Robert Magdziarz, kept a relatively low profile but was undertaking several big apartment projects across Melbourne this year. Loading… Continue reading…
Fraser said the group had struggled after the Victorian Civil and Administrative Tribunal found in 2019 that the firm was partly financially responsible for the millions of dollars in damages arising from the Lacrosse tower fire in November 2014, which was ignited by a cigarette left on a balcony but fuelled by combustible cladding. Di…
The Fair Work Ombudsman alleges that workers were not being paid weekend and public holiday penalty rates, as well as annual leave loading and overtime rates and that previous information provided by the company indicated that it owed millions of Australian dollars to its workers. Despite being conceived by Heston Blumenthal, Dinner by Heston melbourne…
A chain of Hawaiian-themed salad bars called Poked have collapsed, with the directors attributing repeat COVID-19 lockdowns in sydney and melbourne as the driving factors. Founded in 2016, Poked Group operates eight restaurants employing about 50 staff, with seven located across Melbourne’s CBD and one on Sydney’s George Street. The restaurants sell customisable salad bowls,…
The developer is behind many high-profile projects including the redevelopment of the Nylex site in Cremorne The company was founded 20 years ago by Joe Russo Has delivered over 3,000 apartments since inception melbourne-based developer Caydon Property Group has gone into liquidation. The developer, who is behind many high-profile projects including the redevelopment of the…
A young couple who put $97,000 towards their dream home have been left with just a concrete slab after a major building company suddenly collapsed – leaving hundreds of customers in limbo. Bethany McLaughlin, 27, and her fiancé Joel Patty, 29, from
Part of major property developer Caydon Property Group has collapsed and been placed into liquidation. The company says it has been dealt one difficult market situation after another, pointing the finger at prolonged COVID-19 lockdowns in
Parts of multi-billion dollar developer Caydon, which is behind hundreds of apartments in melbourne, have gone into liquidation. Joe Russo, managing director of the prominent Asian-backed developer, said the company had been dealt one difficult market situation after another in the last few years, including prolonged Covid lockdowns. The latest “confronting” challenge was pricing factors…
A succession of market hits over the past few years has combined with the latest inflationary pressure on the construction industry to claim another high-profile victim with liquidators appointed to part of melbourne’s Caydon Group. Hong Kong-based financier OCP Asia called in receivers to subsidiaries of Caydon Group, after liquidators were appointed to the company…