Sydney developer Next enters voluntary administration with debts of $https://www.businessnewsaustralia.com/15 million

An aged care facility in Emu Plains and a student accommodation project are among the developments under construction that hang in the balance after sydney builder Next entered voluntary administration yesterday, with its founder and director Joseph Di Girolamo hoping to salvage a deal with creditors. The company – founded in 2007 and responsible for such projects as Edge…

Rugby Australia commits to supporting Melbourne Rebels in 2024 as club enters voluntary administration | Rugby union

Rugby Australia is working with the debt-ridden melbourne Rebels to ensure they field a team in this year’s Super Rugby Pacific competition but has offered no guarantees beyond that. Melbourne formally entered voluntary administration on Monday night, with the season set to get underway in less than a month. The national governing body said it…

Sydney-based Next the latest builder to enter voluntary administration as price pressures reach record highs

sydney construction firm Next has reportedly entered voluntary administration, as its owner seeks a deal with creditors to avoid total collapse. The Australian reports Next, focused on aged care and student accommodation buildings, is the latest constructor to falter under sky-high material and labour costs and COVID-19 delays. Related Article Block Placeholder Article ID: 233824…