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.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

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

Advertisement

Latest News

103-year-old veteran leads Cypriots at ANZAC Day march in Sydney

103-year-old veteran Evripidis Mouxouris led the ‘Cypriots for ANZACs’ at this year’s ANZAC Day march in Sydney on Thursday, April 25.

Federal Liberal candidate Theo Zographos calls on Opposition Leader to recognise Armenian genocide

Seven candidates have submitted a statement to Peter Dutton, calling on him to characterise the events between 1915-1923 as a genocide.

Historic bonds between Greeks and ANZACs honoured at Phaleron War Cemetery

The Australian Ambassador to Greece, Ms Alison Duncan hosted a special ceremony for ANZAC Day in Athens, Greece,

How Commodore John Stavridis commemorates ANZAC Day every year

Every year, on April 25, Australians honour all those who have fallen, those who have served and all of those who continue to serve.

Australian track and field athlete Mikeala Selaidinakos aims to qualify for Paris Olympics

On Thursday 25 April, Australian track and field athlete Mikeala Selaidinakos will depart for the World Athletics Relays Bahamas 24.

You May Also Like

Nick Kyrgios to go to Wimbledon without grasscourt warm-up

Tennis star, Nick Kyrgios, will kick-off his Wimbledon campaign without playing any grasscourt tournaments in the weeks prior.

NSW pubs, clubs and restaurants to seat up to 50 patrons from June 1

Pubs, clubs, cafes and restaurants in NSW will now be allowed to seat up to 50 customers from 1 June, subject to a one person per four square metre rule.

VIDEO: Zakynthos community create giant crocheted Christmas tree

Zakynthos spread Christmas cheer in a community project that involved piecing together a number of crochet squares to make up a large Christmas tree.