The nationwide crisis of failing construction companies has claimed one of its biggest victims after apartment builder Bensons Property Group was placed into voluntary administration late on Friday, threatening to derail a development pipeline of more than 1300 homes across $1.5bn of property projects. The demise of Bensons, a well-known builder for 30 years, will…
Bensons Property Group’s sudden demise has left hundreds of luxury apartments in limbo, including a $50m super-penthouse belong to its chairman and founder Elias Jreissati and his wife Colleen at its ambitious Chevron One Residences on the gold coast. Founded by Lebanese immigrant, philanthropist and art collector Mr Jreissati in 1994, Bensons went into voluntary…
The Australian Business Network Star Entertainment’s future was on a knife edge on Wednesday night, but lenders to distressed companies are hovering and are expected to hear by Thursday if it is entering voluntary administration. A voluntary administration for the cash-strapped casino operator would enable all of its liabilities to be frozen. This frees administrators…
Collapsed sydney Chinese institution Golden Century is seeking to relaunch after the Covid-19 pandemic subsides after filing for voluntary administration. The restaurant on Sussex Street, famously popular with politicians, went into administration on August 17 after 31 years of trading in Sydney’s Chinatown. The coming renewal of its major commercial lease, coupled with the ongoing…
2:10PMMay 23, 2024. Updated 4:14PMMay 23, 2024 Australian designer brand Dion Lee Enterprise Australia has entered voluntary administration. The announcement comes after news that Cue Clothing Co. decided to withdraw from its partnership with the brand and recall their investment in the Dion Lee business. dVT Group has been appointed as the voluntary administrator of the…
A company that labelled itself as a leader in demolition and construction service has collapsed and is seeking a buyer. With research showing that Australian business activity was at “disturbingly” low levels, sydney-based DB Group Global, DB Scaffolding & Rigging Australia and DB Group Services have gone into voluntary administration. DB Group refused to comment.…
Taxpayers are set to be the big losers after struggling mineral sands miner Strandline Resources waved the white flag and entered voluntary administration. The taxpayer-funded Northern Australia Infrastructure Facility is Strandline’s biggest financial backer and has dished out loans totalling about $140m to the company since 2020, including $10m in the December quarter. Strandline had…
Car buyers have been left without the vehicles they paid for after the collapse of an online buying platform. Carconnect has entered voluntary administration, leaving some customers up to tens of thousands of dollars out of pocket and unable to collect their vehicles. The business, which started in the early 2000s, was one of the…
March 13, 2026 — 4:06pm Save You have reached your maximum number of saved items. Remove items from your saved list to add more. Save this article for later Add articles to your saved list and come back to them anytime. Got it AAA The federal government has pulled taxpayer funding from Australia’s top disaster…
The business behind KOI Dessert Bar in melbourne, known for its luxurious, highly creative, and visually stunning treats, entered voluntary administration earlier this month. The cakes sold at the Poernomo family-run dessert shop – which also has two venues in sydney – were made famous by Reynold on MasterChef in 2015, which saw him crowned…