Probuild
| Industry | Construction |
|---|---|
| Founded | 1987 |
| Founder | Phil Mehtren |
| Defunct | February 2022 |
| Headquarters | , Australia |
Area served | Australia |
| Revenue | $1.4 billion (2021) |
Number of employees | 750 (2022) |
| Parent | Wilson Bayly Holmes Ovcon |
| Website | www.probuild.com.au |
Probuild was an Australian construction company that traded from 1987 until 2022.
History
[edit]Probuild was founded in 1987 by Phil Mehtren.[1] In 2000 it was purchased by Wilson Bayly Holmes Ovcon.[2] An attempt to sell the business to the China Communications Construction Company in 2021 was blocked by the Government of Australia on national security grounds.[3][4] In February 2022, it was placed in voluntary administration by Wilson Bayly Holmes Ovcon with Deloitte appointed administrator.[5][6][7]
Roberts & Co took over five projects in Melbourne, while the Western Australian business was sold to SRG Global.[8][9] Hutchinson Builders took over the 443 Queen Street, Brisbane project.[10]
Notable projects
[edit]Notable projects completed by Probuild included:
- Aurora Melbourne Central[11]
- Greenland Centre, Sydney[12][13]
- Marina Tower Melbourne[14]
- Netball Central, Sydney[15]
- Victoria One[16]
At the time of its cessation, Probuild was involved in the construction of The Ribbon, Sydney, West Side Place and 443 Queen Street, Brisbane.[17][18][19][20]
References
[edit]- ^ Constructing success: it's all about relationships Australian Financial Review 14 June 2008
- ^ Building pipeline in Aus sees Probuild contribute 60% of WBHO revenue Engineering News 17 November 2017
- ^ Chinese company withdraws bid for Australian builder after Government flags security risk ABC News 12 January 2021
- ^ Near $300 million sale of Probuild to Chinese interests falls through Urban.com.au 12 January 2021
- ^ S Africa building giant WBHO quits Australia, blames hardline COVID response Reuters 24 February 2022
- ^ Probuild collapse: administrators investigate $50m transferred to civil construction division The Guardian 9 March 2022
- ^ Probuild collapse: workers back on site and $50m owed in loans News.com.au 11 March 2022
- ^ Roberts Co acquires five Vic Probuild projects Infrastructure Magazine 5 April 2022
- ^ Rapid reboot sees Probuild's WA business offloaded Sydney Morning Herald 14 March 2022
- ^ Hutchinson Builders appointed to Cbus Queen Street project after Probuild collapse ABC News 5 May 2022
- ^ Aurora Melbourne Central Probuild
- ^ Greenland Centre Probuild
- ^ Probuild signs Greenland Centre contract, commencing work early 2017 Australian Financial Review 30 November 2016
- ^ Marina Tower Probuild
- ^ Netball Centre Probuild
- ^ Victoria One Probuild
- ^ Probuild take over construction of The Ribbon hotel project in Sydney's Darling Harbour from Grocon Urban 18 January 2021
- ^ West Side Place Probuild
- ^ 443 Queen Street Probuild
- ^ Probuild collapse puts major Brisbane CBD development at 443 Queen Street construction, workers in limbo ABC News 24 February 2022