Companies

Hong Kong-based Link REIT has made a play to acquire three of five Lendlease shopping centre assets that comprise a $2.9 billion property fund that are being sold down amid a slew of redemption requests.

Underpayments class actions against Coles and Woolworths want to expand their claims to cover a longer time period, which would leave the supermarket giants with even bigger remediation bills than the $780 million estimated in the wake of a finding that underpayments cannot be set off.

Lendlease has announced it will sell down the assets in an unlisted retail property fund the real estate giant has fought to maintain control over in order to meet redemption requests.

Westpac has paid back $50 million plus interest and super to 47,000 current and former staff who were underpaid over an 11-year period.

Mining giant Rio Tinto has put the development of its steel-making decarbonisation technology BioIron on ice, opting instead to invest $35 million into Calix's zero emissions steel technology demonstration plant.

The owner of Sydney developer Coronation Property has sued Fairfax for defamation over a Sydney Morning Herald story that allegedly linked him to arson attacks on two childcare centres and the home of YouTuber Jordan Shanks. 

Airport operator APAC has won access to Q&A logs in a data room set up by shareholder Dexus for prospective buyers, in a dispute over whether the real estate asset manager breached a confidentiality deed.

A United Nations special rapporteur has sought to intervene in three Federal Court cases opposing the federal environment minister's decision to approve gas giant Woodside's North West Shelf extension.

Hong Kong's Link REIT has reportedly made an offer for a half interest in several shopping centres in Lendlease's retail property fund.

Ashurst has nabbed an internationally recognised infrastructure expert from Deloitte to lead Ashurst Risk Advisory's infrastructure and energy transition team.