{"id":44332,"date":"2023-08-23T12:21:25","date_gmt":"2023-08-23T00:21:25","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=44332"},"modified":"2023-08-23T12:21:25","modified_gmt":"2023-08-23T00:21:25","slug":"construction-company-harmac-group-goes-into-voluntary-administration","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/construction-company-harmac-group-goes-into-voluntary-administration\/","title":{"rendered":"Construction company Harmac Group goes into voluntary administration"},"content":{"rendered":"<p><strong>PHOTO: The Australian construction industry is under massive pressure. FILE<\/strong><\/p>\n<p>Yet another Australian <a href=\"https:\/\/propertynoise.co.nz\/au\/?s=construction&amp;submit=Search\">construction<\/a> firm has opted for voluntary administration in a last-ditch effort to reorganize and persevere, all while pointing to the challenging economic climate as a primary factor.<\/p>\n<p>Harmac Group vehemently maintains that the company has not experienced a complete collapse and intends to collaborate closely with the appointed administrators to ensure the completion of homes for their existing customers.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"qalRAY0qY2\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/sydney-real-estate-agents-spiral\/\">Sydney real estate agent\u2019s spiral<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cSydney real estate agent\u2019s spiral\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/sydney-real-estate-agents-spiral\/embed\/#?secret=ANrPE0zgON#?secret=qalRAY0qY2\" data-secret=\"qalRAY0qY2\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n<p>Under the administration process, several subsidiaries, including Harmac Homes, Harmac Constructions, Harmac Urban Living, and Ridge Homes, will be subject to evaluation and management.<\/p>\n<p>SOURCE: <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-12434993\/Construction-company-Harmac-Group-goes-voluntary-administration-Building-firm-undergoes-massive-restructure.html\">THE DAILY MAIL<\/a><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"wKtDtjmGFz\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/more-than-27000-new-home-projects-shelved-by-crisis-hit-construction-industry\/\">More than 27,000 new home projects shelved by crisis hit construction industry<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cMore than 27,000 new home projects shelved by crisis hit construction industry\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/more-than-27000-new-home-projects-shelved-by-crisis-hit-construction-industry\/embed\/#?secret=6mf3IwbepQ#?secret=wKtDtjmGFz\" data-secret=\"wKtDtjmGFz\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"uLRmjXN4T9\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/builders-are-in-crisis-as-construction-expenses-rise-watch\/\">Builders are in crisis as construction expenses rise | WATCH<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cBuilders are in crisis as construction expenses rise | WATCH\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/builders-are-in-crisis-as-construction-expenses-rise-watch\/embed\/#?secret=2rQy28JT0q#?secret=uLRmjXN4T9\" data-secret=\"uLRmjXN4T9\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"wQJ8gTWV8f\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/privium-homes-stops-work-on-their-construction-sites\/\">Privium Homes stops work on their construction sites<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cPrivium Homes stops work on their construction sites\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/privium-homes-stops-work-on-their-construction-sites\/embed\/#?secret=Im85ai1kux#?secret=wQJ8gTWV8f\" data-secret=\"wQJ8gTWV8f\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: The Australian construction industry is under massive pressure. FILE<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/construction-company-harmac-group-goes-into-voluntary-administration\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":35275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478126859,478120280,478126864,478126861,478126858,478126860,478126862,478103141,478122026,478098734,478126856,478126863,478126857,478108715],"class_list":["entry","author-data123nz","post-44332","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-administrators","tag-australian-construction-company","tag-australian-construction-firm","tag-harmac-constructions","tag-harmac-group","tag-harmac-homes","tag-harmac-urban-living","tag-home-builders","tag-house-builders","tag-new-builds","tag-restructure","tag-ridge-homes","tag-survive","tag-voluntary-administration"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Construction company Harmac Group goes into voluntary administration - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/construction-company-harmac-group-goes-into-voluntary-administration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Construction company Harmac Group goes into voluntary administration - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: The Australian construction industry is under massive pressure. 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