Apartment under construction in Newstead, Brisbane.. ONE of Brisbane’s top real estate law experts has warned that off-the-plan unit buyers have very little protection – and to get a lawyer – if their builder goes bust. Tim O’Dwyer said there was already an inherent financial risk in buying-off-the-plan because of the glut of new units…
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The Carlton Club, on Bourke Street in the CBD, and the Windsor Castle, an iconic spot with a lime green exterior and pink elephants on the roof, entered voluntary administration on November 27. “The past few years have been incredibly challenging as we navigate the ongoing impacts of the Covid-19 pandemic on both the Windsor…
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Jonathan ChancellorFebruary 14, 2017 The Chinese backed Brisbane residential developer, R&F Mega Property says is is not insolvent and there would be no interruption to their flagship development, Brisbane One. According to its last update, an interim report to the Hong Kong exchange on August 31, contracted sales at the $400m Brisbane One reached 353.1…
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brisbane-headquartered battery manufacturer Redflow has entered voluntary administration after failing to secure the capital needed to upscale its X10 battery for larger MWh projects. August 23, 2024 Ev Foley Brisbane-headquartered zinc-bromine flow battery producer Redflow has entered into voluntary administration after it was unable to attract capital to scale up its X10 battery to target…
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A sydney nightclub has collapsed after racking up more than $700,000 in debt. News.com.au can reveal that GKIII Hospitality Group Pty Ltd went into liquidation on Monday by order of the NSW Supreme Court. The CBD-based restaurant and nightclub traded under the name The Carter Sydney. According to its still-active website, The Carter Sydney sits…
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Brisbane-founded recruitment startup iRecruit made its Shark Tank debut on Tuesday night, but a lot has happened at the company since the television episode was filmed last year. IRecruit attracted $500,000 in pre-launch seed funding in August 2016, but by the time Tuesday’s Shark Tank episode went to air, both of the company’s co-founders had stepped…
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An Australian building giant behind some of the nation’s biggest developments, including a 41-residential tower on Chevron Island on Queensland’s gold coast, has entered voluntary administration. Bensons Property Group Pty (BPG) announced yesterday that it had made the “difficult decision” to appoint Craig Shepard and Sebastian Ham of Korda Mentha as voluntary administrators. The company…
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More than 10,000 pieces of “premium” sporting stock is up for grabs on the cheap after a major online retailer went into liquidation. T&R International, which traded as T&R Sports and Sports Leisure, collapsed in October while reportedly owing millions of dollars to creditors and customers who are yet to receive products they bought. The…
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The future of Les Bubbles is secure, for now, despite news creditors had voted to liquidate its former controlling entity, Bubbles Bar and Bistro. The Courier Mail reported yesterday creditors had accepted a recommendation to liquidate the company owned by hospitality entrepreneur Damian Griffiths, which collapsed owing $1.32 million in December 2017. Deloitte’s David Orr…
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