Giant $400 million building company Stevens Construction collapses

  • 📰 9NewsAUS
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The firm had a portfolio worth more than $400 million, ranging from luxury apartments and affordable housing to retail projects.

Stevens Construction has collapsed two months after going into voluntary administration. According to its website, its $400 million portfolio includes two luxury apartment buildings with prominent millionaire John Singleton, KFC and McDonald's outlets, as well as a number of Dan Murphys, BWS, Woolworths and other shopping centres.

When it appointed administrators in late May, the company said those factors contributed to the company's collapse.The fourteen-storey luxury apartment and office building Bonython Tower, built by Stevens Construction with John Singleton.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 10. in CA

Canada Canada Latest News, Canada Canada Headlines