Joe Quirke
German contractor Hochtief has announced an off-market offer to buy the remaining shares in Cimic, Australia’s largest construction concern.
Currently, Hochtief owns 78.58% of Cimic and has offered A$22 per share for the remaining amount, in...
The stoppage of work at a luxury apartment project in Brisbane's CBD after the collapse of construction giant Probuild is "devastating" for the workers and their families, the union representing workers says.
Key points:
About 160 workers are out of work...
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Who can made a claim?
Strict procedures must be followed in order for a contractor or builder to recover unpaid monies or to defend a claim. The information below provides an overview of the new SOP laws...
A total of 18 businesses in the WBHO Australia Group, including construction giant Probuild, have been placed into administration.
Key points:
Probuild's South African parent company has pulled financial backing for its Australian operations
That decision resulted in the directors of the...
A Melbourne tradesman said workers on Probuild sites were caught by surprise after it was announced the construction giant had collapsed into administration.
Subcontractor Nathan Bartlett was working on a Probuild site in the CBD when workers were told to...
Tania Williams and her husband have been trying to build their first home for about eight years.
So when the project ground to a halt and they had to withdraw their mortgage application, the couple said it was "quite distressing".
It was uncertainty over building...
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Deloitte’s appointment could be finalised as soon as Thursday.
“All tradies have packed up now from all of Probuild’s jobs,” an industry source said.
“Everyone in the commercial construction industry is talking about it today. It’s been a long time since...
Construction giant Probuild, the builder of major hotels, apartments, offices and skyscrapers around the nation, is expected to enter administration.
A board meeting of the mega-builder, which built the Melbourne Convention Centre, the new headquarters of Victoria Police and the glass wave of...
The construction industry is welcoming the federal government's commitment to growing more timber amid supply shortages, but the forestry sector remains tentative.
Key points:
Industry groups are waiting to hear if the major political parties in SA will match the funding
The...
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