In late November, 39 Grocon companies were placed in the hands of KordaMentha and a further three were added the following month.
Grocon blames its collapse on that development, alleging rival Lendlease and Crown Resorts reached a secret deal with Infrastructure NSW on building heights in 2019, protecting the rights of Crown tower – Sydney’s tallest building – to unobstructed views of the harbour. “We are advised that no further entities are expected to enter administration and that a deed of company arrangement will be proposed to include all 87 Grocon companies,” Mr Knight said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: