Australia’s five-year major infrastructure pipeline has skyrocketed to $242 billion, according to a report from the government’s infrastructure advisor which warns shortages in labour and low construction productivity could put projects at risk.
Hong Kong’s Link REIT has reportedly made an offer for a half interest in several shopping centres in Lendlease’s retail property fund.
Ubiquitous child entertainment group The Wiggles has admitted it likely breached consumer laws by selling Emma light-up headbands without warning consumers the dress-up toy contained button batteries, which can be fatal if swallowed.
ASIC has filed proceedings against mineral exploration company AVZ Minerals and two of its directors, alleging the company failed to disclose a critical legal dispute, including a forgery claim, relating to a $32 million lithium mine deal.
Cosette plans to appeal a ruling that rejected its bid to terminate an agreement to merge with Mayne Pharma, as the US drug company also refuses to agree to conditions needed to win Foreign Investment Review Board approval for the tie-up.
Law firm HFW has expanded its global construction practice by snagging a leading construction lawyer and his team to capitalise on Queensland’s construction boom.
In a show of the office market’s recovery, GPT Group has reportedly sold 750 Collins Street in Melbourne’s Docklands to a private buyer for $383 million.
The government of Western Australia will not move forward with a planned $1.6 billion redevelopment of the Perth Convention and Exhibition Centre but will instead divert most of its $1.6 billion investment to a hospital infrastructure fund.
Mayne Pharma is not walking away from US drug maker Cosette’s proposed takeover without a fight, filing an application with the Takeovers Panel to force Cosette to agree to the conditions needed to win FIRB approval for the $672 million deal.
The High Court has declined to hear an appeal of a ruling that found the directors of payday lenders Cigno and BSF are liable for the companies’ unlicensed credit activity.