Probuild

Probuild creditors who are owed millions of dollars from the collapse of the construction business have been sent a proposal that the administrator believes could deliver them a substantially better outcome than a formal liquidation…

The developer Far East Consortium will take over its four-tower, $2 billion West Side Place project on Lonsdale Street in the Melbourne CBD, while an agreement has been reached with Woodlink for Probuild to recommence construction of…

The administrators of collapsed building giant Probuild, edging closer to a sale of parts of the business, have refunded $171,700 in fees they were paid by the builder before it slid into administration.More than $5 billion worth of major…

LoadingDeloitte’s appointment could be finalised as soon as Thursday.“All tradies have packed up now from all of Probuild’s jobs,” an industry source said.“Everyone in the commercial construction industry is talking about it today. It’s…