#RalanGroup #Development #RalanCollapse
Sydney Unit Developer Ralan Group has collapsed, entering voluntary administration, with $500 million worth of outstanding debt. With unfinished projects, one has to worry about how this will affect tradies, material suppliers and people who have purchased off the plan.
References
Major Sydney unit developer The Ralan Group collapses during apartment downturn
Construction slump hits Adelaide Brighton’s profits, as developer Ralan Group collapses
ASIC