| Industry | Construction |
|---|---|
| Founded | 1987 |
| Founder | Phil Mehtren |
| Defunct | February 2022 |
| Headquarters | , Australia |
Area served | Australia |
| Revenue | $1.4 billion (2021) |
Number of employees | 750 (2022) |
| Parent | Wilson Bayly Holmes Ovcon |
| Website | www.probuild.com.au |
Probuild was an Australian construction company that traded from 1987 until 2022.
History
Probuild was founded in 1987 by Phil Mehtren.1 In 2000 it was purchased by Wilson Bayly Holmes Ovcon.2 An attempt to sell the business to the China Communications Construction Company in 2021 was blocked by the Government of Australia on national security grounds.34 In February 2022, it was placed in voluntary administration by Wilson Bayly Holmes Ovcon with Deloitte appointed administrator.567
Roberts & Co took over five projects in Melbourne, while the Western Australian business was sold to SRG Global.89 Hutchinson Builders took over the 443 Queen Street, Brisbane project.10
Notable projects
Notable projects completed by Probuild included:
- Aurora Melbourne Central11
- Greenland Centre, Sydney1213
- Marina Tower Melbourne14
- Netball Central, Sydney15
- Victoria One16
At the time of its cessation, Probuild was involved in the construction of The Ribbon, Sydney, West Side Place and 443 Queen Street, Brisbane.17181920
References
References
- Constructing success: it's all about relationships Australian Financial Review 14 June 2008
- Building pipeline in Aus sees Probuild contribute 60% of WBHO revenue Engineering News 17 November 2017
- Chinese company withdraws bid for Australian builder after Government flags security risk ABC News 12 January 2021
- Near $300 million sale of Probuild to Chinese interests falls through Urban.com.au 12 January 2021
- S Africa building giant WBHO quits Australia, blames hardline COVID response Reuters 24 February 2022
- Probuild collapse: administrators investigate $50m transferred to civil construction division The Guardian 9 March 2022
- Probuild collapse: workers back on site and $50m owed in loans News.com.au 11 March 2022
- Roberts Co acquires five Vic Probuild projects Infrastructure Magazine 5 April 2022
- Rapid reboot sees Probuild's WA business offloaded Sydney Morning Herald 14 March 2022
- Hutchinson Builders appointed to Cbus Queen Street project after Probuild collapse ABC News 5 May 2022
- Aurora Melbourne Central Probuild
- Greenland Centre Probuild
- Probuild signs Greenland Centre contract, commencing work early 2017 Australian Financial Review 30 November 2016
- Marina Tower Probuild
- Netball Centre Probuild
- Victoria One Probuild
- Probuild take over construction of The Ribbon hotel project in Sydney's Darling Harbour from Grocon Urban 18 January 2021
- West Side Place Probuild
- 443 Queen Street Probuild
- Probuild collapse puts major Brisbane CBD development at 443 Queen Street construction, workers in limbo ABC News 24 February 2022