Grocon in Financial Tailspin After Federal Court Ruling

Once one of Australia’s most trusted developers, Grocon, is in financial distress after a Federal Court ruling on Monday.  The Court ruled Dexus, who had been in dispute with Grocon for almost 2 years over unpaid debts, were owed $13.9 million for a development at 480 Queen Street in Brisbane.  Grocon has since exited the consortium of builders responsible for…