Parts of Asian-backed developer Caydon falls into liquidation
Parts of prominent Asian-backed developer Caydon, a developer of hundreds of apartments across the melbourne suburbs of Alphington and Preston, have gone into liquidation, blaming prolonged Covid-19 lockdowns, interest rate hikes, lack of labour and skyrocketing building costs. Caydon is also developing a $1bn commercial precinct at the site of the old Nylex silos in…