A billion-dollar tower project has been left without a builder just as it was about to start construction. Here’s what happened:
Kathleen Skene Follow 2 min readFebruary 8, 2023 - 5:00PM Gold Coast Bulletin
A billion-dollar tower project has been left without a builder the same month it was due to commence construction.
Billionaire pub baron Sam Arnaout has parted ways with Descon Group Australia, which was announced in August as builder of the Victoria & Albert towers in Broadbeach.
Demolition of the site, at the old Niecon Plaza, was finished by Descon last month, and construction of the 40 and 56-floor twin towers was to begin immediately after.
However, all mention of the builder was wiped from V&A’s website last week.
Descon is also no longer builder for Azzura Corporation’s $2.5bn Imperial Towers project.
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