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.
Loading...
Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
