Developers of six major Queensland projects left in limbo after builder GCB Constructions collapsed into voluntary administration have taken back their work sites.
Construction contracts for the developments dotting the state’s south-east corner from the gold coast to the Sunshine Coast have been terminated.
They include multi-million-dollar expansions at Ramsay Health’s Sunshine Coast University Private Hospital and Caboolture Private Hospital.
Among the others are Aria Property Group’s recently upscaled Canopy House apartment tower project at brisbane’s inner-city Kangaroo Point and three Gold Coast developments—the sold-out Si boutique apartment tower at Bilinga and Rayjon’s Vantage View at Benowa and Vantage Burleigh developments.
An update from the administrators to subcontractors said the “projects have been terminated and works taken back by the developers”.
It also said “as far as we are aware” the contracts for five further projects have not been terminated. They included the twin tower Marine Quarter Southport development, Cote Palm Beach, Wategos Byron Bay, 35 Garden Street Southport and Tallebudgera Surf Life Saving Club.
Gold Coast-based GCB Constructions, headed by Trent Clark, was placed into the…
