Greek Australian-owned construction group under pressure after entering administration

·

High-profile construction group, Ganellen, placed one of its companies into administration last week, midway through a court battle over defects and only days after it was fined over the worksite death of a young apprentice.

The Ganellen construction group was founded in 1998 by building magnate-turned-television star Peter Maneas.

One of its entities traded for 22 years as Ganellen Pty Ltd before it changed its name to GDC Group in May and was placed into voluntary administration last week.

“All projects associated with this entity have been completed, occupied and in use for over two years, and all employees and contractors connected to this entity have been paid in full,” a Ganellen spokesman said in a media release.

“It has no impact on any project currently under construction.”

However, administrator’s documents seen by The Sydney Morning Herald reveal GDC Group has current court action against it that has now been left in limbo.

David Oliver tells the SMH he was stunned when his lawyers informed him the company was being wound up, three days before Christmas.

Mr Oliver is a member of an owners’ corporation that has been pursuing GDC Group through the courts since 2017 for over a million dollars’ worth of alleged defects in a North Shore apartment block.

“We were meant to be heading to a settlement conference with them in February,” he told the Australian media outlet.

It is likely that the compensation claim will now be directed to the developer, Defence Housing Australia, which subcontracted Ganellen to build the block.

“Now they’re left holding the baby – which is effectively the public purse,” Mr Oliver said. “We’re lucky Defence Housing isn’t going anywhere.”

Mr Oliver said the court proceedings had been prolonged by Ganellen’s “continual challenging of [expert] reports.”

Earlier this month, another arm of the Ganellen Group was fined over the death of apprentice formworker Christopher Cassaniti in a scaffolding collapse.

Cassaniti died days after his 18th birthday when nine storeys of scaffolding came down at Ganellen’s Macquarie Park construction site last year.

GN Residential Construction Pty Ltd was ordered to pay $900,000 as part of a scathing court verdict.

Source: The Sydney Morning Herald.

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Latest News

Bondi Beach shooting leaves multiple dead, major police operation underway

At least three people have been killed after a shooting at Bondi Beach in Sydney’s eastern suburbs on Sunday evening.

Greek Australian developers cement their influence in Adelaide’s property boom

Adelaide is in the midst of an unprecedented development surge, fuelled by billions of dollars in public and private investment.

Mediterranean diet conference considers future of humanity

A Mediterranean diet conference drew globally acclaimed researchers to Kalamata, Greece October 13-14.

Chanel Contos calls for opt-in algorithms to protect young people online

Contos says this shift would “keep the momentum going” following the world-first policy that comes into force on December 10.

Greece identifies its first wolf-dog hybrid

Greece has confirmed its first-ever wolf–dog hybrid, marking a surprising development as wolves continue to expand across Europe.

You May Also Like

Australian cricketer Peter Hatzoglou signs short-term deal with British club

Greek-Australian cricketer Peter Hatzoglou, has signed for Glamorgan after the departure of compatriot Michael Neser.

Marcus Stoinis dropped from Australia’s T20 squad ahead of West Indies tour

Veteran all-rounder Marcus Stoinis has been dropped from Australia’s T20 squad for the upcoming series against the West Indies in July.

Limnos man fined by police for not wearing sports gear when exercising

Limnos police have allegedly fined a 56-year-old man 300 euros for not wearing any exercise gear when going on a daily venture out of his house.