Grocon scion Daniel Grollo has received a stinging rebuke from the Liberman family-backed Impact Investment Group, after he suggested creditors would have been better off had Impact not terminated Grocon’s contract to build a $116 million Melbourne office tower

Speaking to creditors after three more Grocon companies were placed in the hands of administrators KordaMentha – all tied to the Melbourne project – Mr Grollo said he had hoped to reach agreement with the Impact fund to complete the project.