Grocon Moving Forward After Agreement Made on Subsidiaries

Pictured: Grocon's 'Ribbon' development in Darling Harbour. Source: Grocon. Grocon has successfully negotiated a deal to save two of its subsidiaries from liquidation, following a $4m deed of company arrangement (DOCA) with creditors, which was reached on Friday. Grocon Constructors (Victoria) and Grocon Constructors (Queensland) were placed into voluntary administration in October, the result of a lengthy court battle with…