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Atlas Arteria urges shareholders to reject IFM’s $7B hostile takeover offer
Private toll road operator Atlas Arteria has urged shareholders to reject a $7 billion hostile takeover offer from IFM Investors that allegedly undervalues the company.
Construction PRO
Wesfarmers inks JV with Built to speed residential development
Bunnings owner Wesfarmers has signed a joint venture agreement with Built Group to use Design for Manufacture and Assembly principles to build faster, lower cost residential developments.
Construction PRO
Corrs hires leading projects partner from Ashurst
Corrs Chambers Westgarth has hired a leading projects partner from Ashurst who has significant experience in advising companies on the energy transition.
ANZ may be on hook for $102.5M bill after losing class action
ANZ's New Zealand unit says it may be on the hook for $102.5 million (NZ$125 million) after losing a class action alleging it failed to repay fees and interest wrongly charged to customers who took out home or personal loans.
Construction PRO
Government awards $5B in renewable energy projects in WA
The federal government has awarded contracts to 10 new renewable energy projects in Western Australia, which will deliver a combined 1.9 gigawatts of renewable energy and 484 megawatts of battery storage.
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Australia signs critical minerals agreement with Japan
Australia has signed a critical minerals agreement with Japan, under which it will invest up to $1.3 billion in critical minerals projects with its Asian ally to help reduce dependence on China.
Construction PRO
Piper Alderman hires real estate partner from Clayton Utz
Piper Alderman has hired a leading real estate partner from Clayton Utz who brings in-demand expertise on renewable energy and large-scale developments to the firm.
ASIC launches probe into insider trading of Accent Group shares
ASIC has opened an insider trading investigation into the trading of retailer Accent Group's shares, asking the company to preserve communications by its CEO Daniel Agostinelli.
Construction PRO
Suit tossed over failed $20.7M deal for Adgemis’ Hotel Diplomat
A judge has tossed a suit seeking to recover a $1 million deposit on a $20.7 million agreement to purchase the former Jon Adgemis-owned Hotel Diplomat in Potts Point, after the deal fell through over concerns about mould and water ingress.
Judge rejects Goldstone exec’s privilege claim over Thomson Geer advice
A company owned by ex-Goldstone Private Equity managing director Alexandra Commins can't assert privilege over Thomson Geer advice that was provided jointly to her business partner James Angelis, ahead of a hearing on penalty after the court found the PE firm acted oppressively towards her.