The building industry has been dealt another blow as one of the country’s biggest property and investment companies appoints voluntary administrators.
Glen Norris Follow 3 min read February 5, 2024 - 11:14AM The Australian Business Network
Construction giant St Hilliers has stopped work on more than 20 projects around the country after heavy losses forced it to appoint voluntary administrators.
The Sydney-based $164m group appointed Glenn Livingstone and Allan Walker, of WLP Restructuring, over the weekend after amassing losses in excess of $10m over the last two years. The administration includes St Hilliers Contracting and six other entities in the group. The property development and investment division St Hilliers Property remains unaffected.
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