May 2022
Grollos exit suburban office trophy in $165m deal
Owned by Grocon co-founder Bruno Grollo and two of his children, Adam and Leeanna, the 15,000 square metre building is the second substantial commercial property the trio have sold in the past year.
- Nick Lenaghan and Larry Schlesinger
February 2022
Grollos put $170m price tag on state government office building
The sale of the Dandenong Government Services Office follows the Grollos selling a Footscray office building to Centuria last year for $224 million.
- Larry Schlesinger
December 2021
The Financial Review’s 10 best long reads of 2021
We’ve compiled the features, interviews and investigations you might have missed throughout the year.
November 2021
WhatsApp messages reveal how Grocon was kept in the dark
Infrastructure NSW’s Tim Roberson chose not to tell Daniel Grollo about the progress of its negotiations over crucial “sight lines” at Central Barangaroo.
- Larry Schlesinger
June 2021
Grollo fires up build-to-rent business
The property scion has been forging ahead with plans for a $2 billion BTR platform, under the Home brand, even as he fought his way through the collapse of his Grocon development empire.
- Nick Lenaghan
May 2021
Building giant Grocon avoids liquidation
Daniel Grollo has avoided liquidation of the Grocon empire after creditors of all 88 companies voted in favour of his revised pooled deed of company arrangement.
- Larry Schlesinger
Daniel Grollo sweetens payout to ATO in revised Grocon plan
Almost half of the $13.7 million of GST payments owed to the Tax Office will be wiped out through an upfront payment of $6 million in a revised deal.
- Larry Schlesinger
April 2021
Grocon vote postponed as Grollo tries to sweeten deal
The last-minute delay comes after fierce opposition to the proposed DOCA from some large creditors, including listed fund manager APN Property.
- Nick Lenaghan and Larry Schlesinger
This is what’s up for grabs for Grocon creditors
Daniel Grollo says his deed of company arrangement will deliver a better return to creditors than a liquidation of assets.
- Larry Schlesinger
The rise and fall of Grocon
When Daniel Grollo addressed a creditors meeting on December 9 last year, it marked the start of the final chapter in the story of Australia’s most famous builder.
- Larry Schlesinger
March 2021
Grocon vote delayed as creditors demand answers
Following pressure from APN, a vote on the future of Grocon was adjourned to allow time for further investigations of monies lent to Daniel Grollo.
- Larry Schlesinger
Grocon multimillion dollar loans raise red flags
These loans, which KordaMentha said could be voidable, uncommercial or unreasonable, include a $63m loan provided to the family trust of the Grocon scion.
- Larry Schlesinger
Katherina Grollo lays claim to Grocon assets
Last month, administrators also came to control a company called Eureka Properties which, it turns out, is very much a target of the divorce lawyers.
- Myriam Robin
Grocon creditors urged to back Grollo rescue plan
Company boss Daniel Grollo’s proposed arrangement includes a $10 million upfront payment and potential higher return to come from Grocon winning its Barangaroo dispute.
- Larry Schlesinger
February 2021
Eureka Tower penthouse in Grocon fire sale
It’s not often you see a wealthy builder like Daniel Grollo turfed out of their luxury pad.
- Myriam Robin
Grocon collapse spreads as administration tally rises
Grocon Group Holdings, the parent entity of the construction business run by property scion Daniel Grollo, is among 45 companies added to the growing list of Grocon companies under administration.
- Nick Lenaghan and Larry Schlesinger
January 2021
'Stymied at every turn': Impact lashes Grocon boss
Impact Investment Group says the conduct of Grocon decimated investors' money after a Melbourne office project was hit by massive delays and cost overruns.
- Larry Schlesinger
China-blocked Probuild to take over two Grocon projects
The project wins follow a $300m buyout bid by one of China's largest construction players, which fell over at the eleventh hour.
- Larry Schlesinger
December 2020
Grocon creditors facing 'significant shortfall'
Daniel Grollo says a legal win against the NSW government over the Central Barangaroo project would form the basis of any payout to creditors.
- Larry Schlesinger and Michael Bleby
APN Property blasts Grocon over collapse
Fund manager APN Property Group – which counts Bruno Grollo as an investor – has claimed status as a creditor in the collapse of Grocon, which is led by Bruno's son Daniel.
- Nick Lenaghan and Larry Schlesinger