About 100 staff have been left without jobs with the collapse of an Adelaide construction company the third South Australian builder to fall into liquidation in a matter of months.
Key points:
- Commercial construction firm Wake Concepts has been placed into liquidation
- About 100 employees have been given notice of termination
- It’s the third South Australian builder to collapse since July
Wake Concepts, which appointed insolvency firm Heard Phillips Lieberenz yesterday, had been involved in the construction of the Walker Corporation’s 29-storey One Festival Tower with contractor Built as part of the redevelopment of Adelaide’s Festival Plaza.
In a statement, liquidator Anthony Phillips said Wake Concepts employed about 100 staff, who have …
Read the full article at: https://www.abc.net.au/news/2023-09-20/third-sa-builder-wake-concepts-collapses/102881020