Housing slump forces construction giant BGC to shelve $2.5 billion sale plans after family feud

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A prolonged slump in Western Australia's property market forces BGC to halt the sale of its building and construction business for the foreseeable future.

The heirs to construction tycoon Len Buckeridge's fortune announced last May they wouldhe founded more than 50 years ago, following a protracted legal dispute over the distribution of his wealth among 15 family members.

BGC chairman Neil Hamilton told a teleconference on Thursday the sale of the company's building and construction arm would be put on hold until conditions improved.

 

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