Business
Ethical fund pushes Grocon further to the brink, terminating building contract – Sydney Morning Herald
The wealthy Liberman family-backed Impact Investment Group has torn up struggling developer Grocon’s building contract for a multi-storey office tower on Melbourne’s…
An ethical fund manager has terminated struggling developer Grocons building contract for a multi-storey office tower on Melbournes city fringe, a move likely to accelerate the companys demise.
The wealthy Liberman family-backed Impact Investment Group, which bills itself as a socially and environmentally responsible fund manager, has torn up its contract with Grocon to construct an $111 million office tower in Collingwood, a week after the developer put 39 construction companies into administration.
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