Bathla Group construction stops as funding lifeline runs dry, billions racked up in debt
Bathla Group construction stops at 13 sites as funding runs out and hundreds of employees are stood down
Work has halted across multiple Bathla projects in Sydney. (Image source: Bathla Group)
Construction has ceased across 13 Bathla Group sites after administrators were unable to secure further funding for the collapsed Sydney developer, leaving hundreds of workers stood down and shifting the focus of the administration towards asset sales.
Teneo Australia, the voluntary administrator appointed to Bathla Group in August, confirmed on Thursday (24 September) that short-term funding secured to keep selected construction projects operati…
