An Australian building giant behind some of the nation’s biggest developments, including a 41-residential tower on Chevron Island on Queensland’s Gold Coast, has entered voluntary administration.
Bensons Property Group Pty (BPG) announced yesterday that it had made the “difficult decision” to appoint Craig Shepard and Sebastian Ham of Korda Mentha as voluntary administrators.
The company cited challenging conditions in the construction and property development sector, noting that the industry had faced “an extremely difficult time, particularly post-COVID”.
BPG was founded in 1994, by philanthropist and self-made…
