Rich List investor Andrew Roberts will sell Roberts Co, the building contractor he founded eight years ago, to United Arab Emirates-based construction and property business Arada and exit construction, a sector he has been involved with all his life.
Roberts’ family founded Multiplex – and sold its controlling 26 per cent stake to Canada’s Brookfield in 2007 – will sell Roberts Co NSW, the original entity in the company he founded in 2017, chief executive Emma Shipley told staff on Thursday. The sum for the sale was not disclosed.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
