J&CG: Building & Construction Company - Voluntary Administration

J&CG: Building & Construction Company, a Sydney-based construction company, entered voluntary administration on 12 May.

The family-owned business was founded over three decades ago and constructed apartment buildings, commercial and retail spaces, as well as office complexes.

Sean Wengel and Rashnyl Prasad of William Buck were appointed joint administrators after the company found itself facing nearly $13 million in defect claims, nearly $12 million of which relates to the Rising Apartments in Mascot on Botany Road, near the Sydney Airport.

The matter is currently before the NSW Supreme Court.