Grocon downfall intensifies as more companies put into voluntary administration

The implosion of construction giant Grocon has dramatically intensified, with another 45 companies placed into voluntary administration.

John Dagge, Herald Sun Subscriber only|February 22, 2021 1:11pm

Subscriber only|February 22, 2021 1:11pmThe implosion of Grocon has dramatically intensified with the construction giant placing another 45 companies into voluntary administration.

Administrator KordaMentha on Monday said it had been appointed to a further 45 Grocon companies, in addition to the existing 42 companies that were already in administration.

KordaMentha said the latest appointments include Grocon Group Holdings, which is one of three Grocon companies suing the NSW government amid a dispute about views from a property development at Barangaroo.

The latest Grocon companies to enter administration also includes Grocon Constructors (NSW) while many of the other 43 specific purpose companies appear to be dormant, KordaMentha said.

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