Developers caught in the collapse of Gold Coast builder GCB Constructions say they will lose tens of millions on their stalled projects – but not everyone is convinced. Find out what’s happening with every project.
Kathleen Skene Follow 4 min read August 25, 2023 - 6:00AM
Gold Coast Bulletin
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Developers caught in the collapse of Gold Coast builder GCB Constructions say they will lose more than $56.7m between them on their stalled projects – but not everyone is convinced.
The flailing builder owes more than $47m to suppliers, subcontractors, lenders, staff and the tax office, with administrators recommending it be tipped into liquidation as early as next week.
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