Business
Builder’s collapse leaves apartment owners fearing alleged $30m defects bill – Sydney Morning Herald
The owners of seven apartment buildings across Sydney say they have been left to pick up a massive repair bill after Icon Construction’s collapse.
Administrators documents name it as a related entity to Icon Co (NSW) Pty Ltd, the company that built Sydneys cracked Opal Tower.
At a recent creditors meeting it was revealed that the former of the companies is being chased over alleged defects in apartments it built at Rosebery, Waterloo, Hurstville, Bondi, Lane Cove, Greenwich and Five Dock.
The most substantial of those is a $20 million claim from the owners of the Otto apartments at Rosebery.
The building made headlines last year when it was…
-
Noosa News20 hours agoKatter and pregnant wife crash-land plane in outback Qld
-
Noosa News20 hours agoFollowing Up Hottest 100 of Australian Songs Success with a Second Documentary About Your Life and Career: Jimmy Barnes Talks ‘Working Class Man’
-
General17 hours agoRussia launches hundreds of drones and missiles against Ukraine in fresh attack
-
Business21 hours ago16 ASX 200 shares roar to multi-year highs amid new market milestone