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The rise and fall of Grocon
When Daniel Grollo addressed a creditors meeting on December 9 last year, it marked the start of the final chapter in the story of Australiaâs most famous builder.
Daniel Grollo, head of Grocon, on top of Melbourneâs Eureka Tower in 2006. Grocon has shaped the Melbourne skyline like no other.Â
Jessica Shapiro
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When Daniel Grollo, the third-generation leader of Melbourneâs most famous construction family, addressed creditors of 43 insolvent Grocon companies last December 9, he was both solemn and defiant.
Describing it as a difficult day in the 73-year history of Grocon, he said he was very sorry for the pain caused to employees and creditors, owed more than $100 million.
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