A major unit developer, which at its peak had projects worth $3.5 billion in the pipeline across southeast Queensland, has moved to wind up the company after a decade in the industry here.
Chris Herde, Glen Norris, The Courier-Mail
A development firm that once boasted a $3.5bn pipeline of apartment projects in southeast Queensland is winding up a number of its companies.
Urban Construct Qld and associated companies are being wound up voluntarily by its shareholders with a liquidator put in charge of the company’s affairs. The company says it does not owe any money to its creditors.
Urban Construct managing directors Todd Brown and James Rice relocated from Adelaide a decade ago and by 2014 said they had over that time built up a pipeline of developments of 3500 apartments and 1500 town houses worth $3.5bn.