Cor Cordis appointed Voluntary Administrators of Grandeur Homes Pty Ltd
Sam Kaso and Daniel Juratowitch of restructuring advisory firm Cor Cordis were appointed Voluntary Administrators of Grandeur Homes Pty Ltd on Friday, 30 August 2024.
Through the voluntary administration process, Cor Cordis will pause construction works. At the same time, they will urgently assess the business operations and explore all options to restructure or recapitalise the businesses, including through a deed of company arrangement.
“We’ve commenced an urgent review of Grandeur Homes’ financial position and are working with parties to explore the possibility of developing a proposal to restructure the business. We understand there are 108 homeowners affected by our appointment and have been made aware some homeowners have had difficulties obtaining updates from the Company on the progress of their construction recently. We have been in direct contact with homeowners already and set up a new dedicated email address for customers, employees, and creditors to provide regular updates as we work through the voluntary administration process”.
Media enquiries
Lidia Bufalino, National Marketing Director, lbufalino@corcordis.com.au
Stakeholder questions
For further information about the external administrations of Grandeur Homes, please contact us on:-
Phone: (03) 83205696 and select option 4
Email: grandeurhomes@corcordis.com.au
