Bathla Group collapses as construction work halts across 13 building sites

Embattled property developer Bathla Group was unable to secure further funding, with all work ceasing after a last-ditch attempt to save the company fell through.

In the latest blow, Bathla Group was unable to secure funding which is was going to use to finish projects in a bid to stay afloat.

As a result, construction work across 13 Bathla sites has been stood down and all construction work has ceased.

Teneo Administrator Stephen Longley said the focus is now working with lenders for an orderly sale of Bathla Group’s subdivision and land bank sites.

A core team of Bathla employees has been retained to assist with the management and realisation of the assets.

Originally published as Bathla Group collapses as construction work halts across 13 building sites