Ralan Group Administration Blindsides Hutchinsons

Hutchinson Builders, who is owed its $5.5 million final payment for work on Ralan Group’s Ruby 1 tower in Surfers Paradise, says they had “no inkling” of a collapse. Ralan Group, who entered voluntary administration on 31 July, owes creditors over $277 million, according to administrators Grant Thornton.  Hundreds of buyers are also out of pocket, their deposits having been…

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