Grocon is an Australian property developer, contractor and funds management company that is privately owned by the Grollo family.
Grocon grew from a small family concreting business established in Victoria, by Luigi Grollo after he emigrated from Treviso, Italy in 1928.
A one-man operation, Luigi Grollo set up his own business in 1948 and completed small concreting projects, such as paving, shopping centre car parks, sewerage infrastructure and swimming pools.
[11] The venture was chaired by John A. Fraser, chairman and CEO Global Asset Management at UBS[12] and Daniel Grollo acted as a non-executive director.
Daniel Grollo assumed the role of executive chairman whilst retaining full oversight and ownership of the business.
[15][16] Cost blowouts for the athletes village for the Games topped $1 billion led to Grocon from having permission refused from the state government to start a project in Queensland.
[24] The Fair Work Building and Construction, the relevant regulatory body, subsequently also launched legal proceedings against the CFMEU.
[citation needed] On 28 March 2013, during wind gusts of up to 102 kilometres per hour (63 mph),[27] a brick wall on the boundary of a Grocon development on Swanston Street collapsed killing three people.
Police acting in the case have stated that Grocon representatives refused to give evidence, and the company did not release an engineering report the court has asked for access to, saying it "was not relevant".
[34] In November 2014 Grocon was fined $250,000 in the Magistrates Court after it pleaded guilty to a single workplace safety charge "... relating to the risk posed by the wall, rather than causing it to fall down.