Grocon boss says company is battling for its life, blames NSW Government for insolvency

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The head of one of Australia's building giants says the only reason the company is about to enter administration is due to the lengthy legal stoush with the NSW Government over a central Sydney project.

Grocon is now fighting for $270 million in compensation from INSW in the NSW Supreme Court, claiming the Barangaroo Delivery Authority withheld information that views from the Crown Resorts and Lendlease development would impact the Central Barangaroo design.

"The judgement in favour of Infrastructure NSW found Grocon's financial situation preceded their involvement in Central Barangaroo," they said. Grocon's Ribbon development in Sydney's Darling Harbour and the Northumberland development in Collingwood, Melbourne will not be included in the administration entities.

 

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Seems like Karen of Braaghton needs to come back to Melbourne to sort things out.

Doubt many will have any compassion as its a part of business that things go wrong just like the workers they would of cut hours or jobs from

they probably werent corrupt enough didnt deliver enough brown paper envelopes to Gladys office GladysMustGo

I feel a federal government handout coming. Can’t possibly let big construction fail.

You stuffed the company dude....no one else!

Guess they used up their luck when they got away with killing 3 people a few years ago.

Grocon will become another Phoenix operation. Liquidate the company loaded with debt and tax obligations, don’t pay anybody. Sell the assets to a new entity and carry on😕

Think it did very well in Canberra.

Blame! Well done

Bad boyfriend can’t be blamed?

Yea just blame someone else other than bad management

The libs felt short changed by the donation offered them.

The millionaire is complaining of money problems . Typical

If DanielGrollo had been a decent employer that looked after it's workers the Union Movement would have gone in to bat for them Good Riddance to bad rubbish Someone else will take up Grocon work

Funny how despite numerous attempts by some of the most militant unions in Australia to force Grollo to the wall, clumsy old, unlucky in love Gladys is their downfall

It’s long been an industry joke that Grocon is a law firm that sometimes does a bit of construction.

C’est sûr qu’avec un nom comme ça...

Karma for building Barangaroo?

LOL

The first generation begins the company, the second generation builds it, the third generation pisses it against a wall. Funny that another third generation corporate dismantler has caused this

How is that? How many states are they banned from building in again? And why?

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