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Probuild was an Australian construction company that traded from 1987 until 2022.

Probuild
IndustryConstruction
Founded1987
FounderPhil Mehtren
DefunctFebruary 2022
Headquarters ,
Australia

Area served

Australia
Revenue$1.4 billion (2021)

Number of employees

750 (2022)
ParentWilson Bayly Holmes Ovcon
Websitewww.probuild.com.au

History

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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 Australiaonnational 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

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Notable projects completed by Probuild included:

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

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  • ^ 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 collpase: 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

  • Retrieved from "https://en.wikipedia.org/w/index.php?title=Probuild&oldid=1185319994"
     



    Last edited on 15 November 2023, at 23:50  





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    This page was last edited on 15 November 2023, at 23:50 (UTC).

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