The Southbank site housing Australia’s tallest residential development, the $2.7bn STH BNK by Beulah, is being put up for sale as creditors accept a deal that could hand them big losses.
The demise of a high-end Melbourne construction group has worsened, with four other entities collapsing into insolvency and dozens more employees sacked.
Two beloved Melbourne hospitality venues, the Carlton Club and Windsor Castle, have been sold in a last-minute rescue deal after they collapsed owing hundreds of thousands to creditors and the tax office.
The childcare centres are at risk of shutting down, after several entities under popular Finnish curriculum-based childcare operator HEI Schools Australia collapsed into administration.
The liquidator of high-end Melbourne construction company VCON has raised concerns over more than $7m in payments allegedly made to related entities in the months leading up to its downfall.
Victoria’s manufacturing sector has been dealt a fresh blow with efforts to find a rescue buyer for Melbourne-based Oceania Glass failing, resulting in the loss of more than 150 jobs.
The Colonel’s Son in Melbourne’s southeast has been slapped with almost $30,000 in fines by the workplace watchdog after it ignored a compliance notice to properly payout a cook who had stopped working there.
It promises to be a new crown jewel in Melbourne’s ever-soaring skyline – 102 storeys of cutting edge luxury living among the clouds – but uncertainty now looms over the $2.7bn STH BNK by Beulah project.
A hospitality business partly owned by former AFL star Dane Swan, which recently sold South Melbourne bar Albion Rooftop, has collapsed into liquidation owing creditors more than $4.5m.
The tax office has been forced to settle for just a fraction of the more than $6m they are owed from the insolvency of a number of subsidiaries of Melbourne home renovation company M.J. Harris Group.
Original URL: https://www.heraldsun.com.au/journalists/sarah-perillo/page/2