This was published 5 years ago
Hundreds of Sydney apartment owners are facing an uncertain future after the collapse of a company linked to the builder of the Opal Tower, with allegations that it collectively owes them $30 million to repair seven defective builds across the city.
The revelations come as another 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 cases raise fresh questions about what is being done to address an “epidemic” in NSW of building companies being wound up during defects battles, leaving devastated apartment owners with nobody to sue.
Icon Construction Australia (NSW) Pty Ltd was placed into voluntary administration in November.
Administrator’s documents name it as a “related entity” to Icon Co (NSW) Pty Ltd, the company that built Sydney’s cracked Opal Tower.
At a recent…