Business
Australian Construction & Real-Estate Development Giant Grocon Hits Wall, amid Industry Swoon that Started in Mid-2019 – WOLF STREET
The Pandemic accelerated the mess.
The Pandemic accelerated the mess.
Construction and real-estate development giant and funds management firm Grocon Group — which built some of Australia’s most iconic modern buildings, including three of its five tallest skyscrapers, as well as major projects in India and Abu Dhabi — declared insolvency on Friday, according to ABC News, and is putting several of its construction companies into administration (a form of bankruptcy), following years of legal wrangles, industrial disputes, and months…
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