In the construction industry, insolvencies are a dime a dozen. But it’s not often you see a wealthy builder turfed out of their luxury penthouse as a result.
Alas for Grocon scion Daniel Grollo, the Grocon-constructed Eureka Tower pad he’s been calling home for several years is ultimately owned by a company among the nearly 100 entities now in the hands of administrators. And they’ve bowed to the demands of creditors, a spokesman on Tuesday confirming they intended to sell the expansive 80th-floor apartment.