A once-thriving gym chain, which boasted high-profile investors and a clientele of sports stars, has sensationally collapsed, leaving prime commercial real estate in sydney’s coveted Potts Point and inner-city Newtown, along with brisbane’s bustling Fortitude Valley, in an uncertain future. Hustle Boxing, co-founded by Tim McGann and Simon Maree, entered voluntary administration on Monday, according…
Dozens of homebuyers and tradies on the gold coast are in limbo this morning, following the collapse of another major Australian builder. PBS Building finally confirmed overnight that they have gone into voluntary administration, with all 180 staff made redundant. The company had 80 projects across the country in the works, including several on the…
Famous sydney multi-purpose venue Carriageworks has confirmed it has gone into voluntary administration. In a statement issued today, the Eveleigh venue confirmed that the COVID pandemic and “the sudden cancellation or postponement of six months of activities due to restrictions on public gatherings has resulted in an irreparable loss of income”. “Following the earlier loss of…
Directors of three failed F45 gyms in brisbane and on the gold coast have blamed a ‘global decline’ in the franchise which plunged their businesses into administration owing $2.3m. A Brit on the Gold Coast has shared the weirdest thing about her local gym, that could never happen in the UK. Fitlink Beenleigh, Fitlink Bundall…