GD 🇦🇺 🇦🇺 (@gailauss)

Home builder Bathla Group collapses into voluntary administration A major developer has announced it has been placed into voluntary administration as it creaked under $3b in debt. Teneo has been appointed administrators to Bathla entities including Universal Property and Raj & Jai Construction. The Australian Financial Review reported Universal Property had debts of nearly $3.2 billion, while Raj and Jai had $304 million in liabilities as of June 30, 2025. https://www.news.com.au/finance/business/other-industries/home-builder-bathla-group-collapses-into-voluntary-administration/news-story/38d976138d59b9b7e91172d9a029b007