Homes under construction hang in balance as Bensons Property Group enters administration – MSN
Homes under construction hang in balance as Bensons Property Group enters administration MSN Read the original article here
Homes under construction hang in balance as Bensons Property Group enters administration MSN Read the original article here
A major Australian property group has gone into voluntary administration, in another blow to the construction industry. Bensons Property Group announced on Friday that its team made the “difficult decision” to appoint Craig Shepard and Sebastian Ham of Korda Mentha as voluntary administrators of the business. BPG was founded in 1994 by Elias Jreissati and…
According to now-deleted content on Bensons’ website, one of its core values is integrity, stating it will “deliver on our promises, on the homes that we create, which are dependable and reliable, and built on time”. Bensons, founded in 1994 by self-made developer Elias Jreissati, focused on building large and luxurious apartments blocks in Victoria,…
New Delhi: Stressed companies ending up with liquidation orders under the insolvency law, including large ones, have had assets worth less than 5% of the amount they owe to their lenders, showed the bankruptcy regulator‘s data.This brings to the fore the question of due diligence by banks while lending, on top of value erosion caused…
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