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.
After an extensive investigation, the federal corruption watchdog on Thursday cleared the government’s $2.5 million settlement with former Liberal staffer Brittany Higgins of allegations of improper influence.
Medical device maker Exactech will pay $8.7 million to end a class action that alleges its joint replacement implants were defective.
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.
Corrs Chambers Westgarth has recruited an arbitration and commercial partner from Norton Rose Fulbright to be the law firm’s new head of trade.
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.
Lendlease and tax advisory firm Greenwoods & Herbert Smith Freehills have reached a settlement in a case by solicitor and accountant Anthony Watson, which accused the builder of taking an “aggressive” position on its taxes.
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”.
The South Australian government will inject $650 million to keep the struggling Whyalla Steelworks afloat until a buyer is found.
Fortrend Securites is challenging a judge’s ruling that it owes $580,000 in penalties and compensation for withholding the bonuses of two departing advisors, its second appeal in their bitter dispute.