MACALISTER Construction has been placed into administration.
Melbourne-based administrator SV Partners has been appointed for the Sale-based Macalister Construction, which formerly traded as Macalister Homes, under section 436A of the Corporations Act, which relates to company insolvency.
The first meeting of creditors will be held at the Medina Grand Hotel, Queen St, Melbourne on Wednesday, January 23 from 11am.
The company had been attempting to trade itself out of financial difficulty in recent years.
It comes during a difficult time for the local building industry, which included Kirway Construction being wound up last year.
For more read Friday’s Gippsland Times.