Lendlease has announced its plan for a luxury apartment complex in Sydney, expected to reach an end value of $2.5 billion, after securing land overlooking Hyde Park.
Developer Synergy has won an injunction in a dispute over the construction of a student accommodation in Adelaide, with an appeals court finding the primary judge did not correctly weigh the prejudice to Synergy if it had to pay up to $2 million in guarantees.
Macquarie Technology Group has secured the option to buy a Sydney city site with a $240 million price tag near its existing data centre holding in Macquarie Park.
Master Builders Australia has welcomed a reported increase in residential building activity but said the pace needs to quicken to reach the government’s goal of 1.2 million new homes by 2029.
Collapsed Roberts Co Victoria is fighting a bid by a creditor it says should not be allowed to “come out of the woodwork” and take over the winding up application of a company that has since been deregistered.
Dexus has purchased a 10,000 square metre warehouse in Sydney’s West for $40 million and announced plans to divest office assets in Brisbane.
Cromwell Property Group has said it will cost $200 million to develop an office building in Canberra which will be leased to an unnamed federal government agency.
Administrator appointments for construction companies leaped 20 per cent in the latest financial year, according to data released by the corporate regulator.
Builder Acciona and consultant AECOM have been named as defendants in a class action on behalf of families of victims of a bus accident in Hunter Valley, NSW, facing allegations they were responsible for the construction and certification of the interchange where it occurred.
The prospective developer of the Hyde Park Inn in Sydney has dropped its appeal of a decision which disallowed it from delaying a $95 million payment to the NSW Returned Service League.