Devine caught in Gold Coast building company Glenzeil's collapse

Devine caught in Gold Coast building company Glenzeil's collapse
Devine caught in Gold Coast building company Glenzeil's collapse

Glenzeil, one of the south east Queensland's largest building companies, has gone into voluntary liquidation with the loss of about 50 full-time jobs.

The company’s affairs are now in the hands of liquidator Peter Dinoris, of Vincents Chartered Accountants.

Glenzeil’s main active project was the $35 million Plaza Apartments in South Brisbane for David Devine’s Metro Properties.

The virtually completed $35 million Pure Kirra project at Kirra by the Pikos Group has narrowly escaped being caught in the collapse of their construction company.

Glenzeil has been responsible for some of the biggest Gold Coast construction including the Jupiters Casino refurbishment.

The Varsity Lakes-based company, established in 1990, was headed by Ken Skrinis and Brian Gabriel.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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