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.

Cretan Convention - Web Banner

Advertisement

Share:

KEEP UP TO DATE WITH TGH

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

Advertisement

Latest News

Greece launches nationwide ‘smart bridges’ network to prevent collapses

More than 250 bridges across Greece are being transformed into “smart” structures as part of a major national project that uses IoT tech.

Temple of Aphaia on Aegina restored with new lighting and accessibility upgrades

The Temple of Aphaia on Aegina has undergone a €1.5 million restoration, breathing new life into one of Greece’s best-preserved monuments.

Thessaloniki’s White Tower recognised as a European film cultural treasure

Thessaloniki’s White Tower has been officially added to the European Film Academy’s prestigious list of Treasures of European Film Culture.

From Stalin statues to seaside resorts: Con Vaitsas’ return to Albania after three decades

Con Vaitsas reflects on Albania’s dramatic transformation, comparing his first visit in 1990 to the vibrant country he rediscovered in 2024.

Inherited property in Greece: Can you claim full ownership?

A simple guide explaining how usucaption works in Greece and when a co-owner can legally claim full ownership of shared property.

You May Also Like

Spiros Filidis’ accused murderer laughs as he faces Victorian court

The accused murderer of 46-year-old Spiros Filidis was caught breaking out in laughter during a court hearing.

World Council of Cretans honours centenary of Mikis Theodorakis’ birth

Hundreds of young and old honoured Mikis Theodorakis at the event organised by the World Council of Cretans (WCC).

‘Axios!’ resounds in Sydney as Archbishop Makarios ordains two new Bishops

The Greek Orthodox Archdiocese of Australia experienced profound emotion over the weekend, as two clergymen became bishops.