Clough’s $54M cross-claim stayed in feud with JV partner over EnergyConnect project
A judge has stayed engineering firm Clough’s $54 million cross-claim against its former joint venture partner on the EnergyConnect transmission project, Elecnor, saying the claim must be sent to arbitration.
Amazon to invest $20B in data centre infrastructure
Amazon will invest $20 billion in Australia's data centre infrastructure over the next five years to support the country's AI transformation.
Allens, HSFK behind Abu Dhabi oil giant’s $30B takeover bid for Santos
A consortium led by the investment arm of Abu Dhabi's National Oil Company has launched a $30 billion takeover bid for Santos, the energy giant said Monday.
$70M agreement for rezoned Mudgee greenfield site enforceable, court says
A Western Sydney developer must make good on an agreement to buy a rezoned greenfield site in regional NSW for $70 million and pay $2.2…
Hamilton Locke hires McCullough Robertson real estate pro
Specialist property and finance lawyer Emile McPhee has joined Hamilton Locke's national real estate markets team.
‘I’m really going to miss this’: Construction list judge’s curtain call gets a laugh
Turning back to counsel on rising from the bench after an urgent hearing in a dispute between Dexus and the operator of Melbourne airport, Justice James Stevenson told them what his impending retirement would mean.
Court sets date for Dexus fight with APAC, investor funds
The date has been set for a court battle over Dexus' sale of shares in Asia Pacific Airport Corporation, a fight the operator of Melbourne and Launceston airports says needs 10 hearing days.
Brookfield sells down stake in Dalrymple Bay Infrastructure
Brookfield has shed 23.2 per cent of the stapled securities in major coal exporter Dalrymple Bay Infrastructure, but remains the major shareholder, retaining a 26.25 per cent interest in the venture.
Non-bank lenders may soon play $90B role in real estate funding
Private credit supporting Australian real estate could grow by 80 per cent over the next five years, largely fueled by increased residential development lending, according to forecasting by CBRE.
Roberts Co picked for Macquarie Steet hotel revamp
While parts of the business have been placed in administration, Roberts Co has been selected as development manager and early contractor for a project on Sydney's Macquarie Street.
MinterEllison advises Johns Lyng on Pacific Equity Partners’ buyout offer
Johns Lyng Group confirmed Wednesday it had received a takeover offer from Pacific Equity Partners for an undisclosed sum and has granted the private equity firm an exclusivity period to undergo due diligence.
Soul Patts, Brickworks merger shows capital markets ‘open and willing’, says KWM chair
Ashurst and King & Wood Mallesons are working behind the scenes on the proposed union of long-time partners Brickworks and investment house Washington H. Soul Pattinson, a merger that shows capital markets are ready to back big deals, one lead lawyer says.
Suitors pursue Fletcher Building’s construction business
Fletcher Building has confirmed it has received inquiries from prospective buyers of its businesses, including its construction division.
EVT puts Sydney CBD entertainment complex up for sale
Entertainment giant EVT has put its landmark Sydney CBD Event Cinemas complex on the market.
CBRE to acquire commercial real estate agency Burgess Rawson
Multinational real estate services and investment giant CBRE will acquire privately-owned commercial real estate agency Burgess Rawson.
Centennial acquires Adelaide office tower for $50.5M
Property investment manager and developer Centennial has scooped up an A-grade office tower in Adelaide's Pirie Street precinct for $50.5 million.
National Storage REIT, partner to invest $228M in six self-storage sites
The National Storage REIT will continue its partnership with Singaporean sovereign wealth fund GIC to invest in a second round of development assets, the ASX-listed trust said Wednesday.
Sydney Fish Market operator loses bid for stash of docs on new development
After describing the $836 million project for a new Sydney Fish Market as “an architecturally designed death knell to the NSW seafood industry”, the market operator has mostly lost its application to make Infrastructure NSW hand over 100 project documents.
Judge says after-hours payment claim served on Roberts Co valid
Roberts Co will have to pay a $3.2 million payment claim served by subcontractor Sharvain Facades at 7:18pm on a Friday, after a judge found the claim was validly issued that day.
Kaloriziko $2M debt for Ryde development not offset by property deal, court finds
A judge has rejected developer Kaloriziko's claim that a property deal involving related parties extinguished a $2.12 million liability to a builder in relation to the construction of the 'Sky Gardens' residential development in Ryde, NSW.
Court dismisses ‘exaggerated’ height concerns on 5Point’s Gold Coast development
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High Court sides with Valuer-General over St Kilda Rd heritage property
The Valuer-General of Victoria has won a High Court appeal against developer WSTI Properties over a $2.9 million valuation for a heritage property in Melbourne, which centred on the meaning of an “improvement” to the land.
Ex-Turner Freeman client wants to appeal failed case over property dispute
A former Turner Freeman client is seeking to appeal a District Court decision summarily dismissing his professional negligence case against the firm and a silk over a dispute with an owners corporation.
Challenge to Woodside’s $16B Scarborough gas project in public interest, court says
Recovery of legal costs has been capped in a case over Woodside’s $16.5 billion Scarborough gas venture that will give the Federal Court the first chance to weigh whether an environment plan complies with the law.
Lendlease reaches settlement in ‘tax dodge’ suit by ex-Greenwoods partner
Lendlease and Greenwoods & Herbert Smith Freehills have resolved a lawsuit by a former partner that alleged he was effectively fired for complaints about the builder's "aggressive taxation position".
