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ARTICLE · 18 FEBRUARY 2023

Two companies fail after Dyldam property developer's $280m collapse

Cathro & Partners
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The latest collapses are part of a horror time for the construction industry, which saw dozens of companies fail in 2022.

AustraliaInsolvency/Bankruptcy/Re-Structuring
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Australia's third-largest apartment builder went under last year and the fallout has continued from its demise.

Two Australian companies have collapsed after being caught up in the failure of a high profile property developer called Dyldam Developments, which went under last year owing more than $280 million.

The companies, called Tallahon No. 1 and James 88, were owed $5.3 million and $3 million respectively as part of Dyldam Developments' collapse, according to documents lodged with the corporate regulator ASIC, reported The Australian.

But now the firms have gone into liquidation with David Mansfield from Deloitte appointed to deal with the fallout. News.com.au reached out to Mr Mansfield for comment.

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