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Nocookies | Sky News Australia

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Bensons Property Group enters administration amid construction challenges.

The Australian construction industry faces another setback as Bensons Property Group enters voluntary administration. The Melbourne-based developer, with a portfolio of high-profile projects, cited rising construction costs and increased interest rates as primary challenges. Figure 1: A photo of the Liberty 1 building in Footscray shows diggers at the Liberty 2 site. With Bensons Property…

Aussie construction giant collapses leaving 1,300 apartments worth an eye-watering $1.5billion unfinished

By HARRISON CHRISTIAN Published: 11:41 AEDT, 28 December 2024 | Updated: 12:39 AEDT, 28 December 2024 The construction of 1,300 new homes worth a staggering 1.5billion now hangs in the balance after a major Aussie home builder entered administration.  Bensons Property Group announced on Friday it had appointed Craig Shepard and Sebastian Ham of Korda…