Construction

European construction company STRABAG Group has received Foreign Investment Review Board to acquire Australian construction company Georgiou Group for $233 million.

The owners of Sydney’s Australia Square Tower have filed proceedings over $250,000 in damage allegedly caused by a subcontractor that flooded the iconic skyscraper's lift shaft.

A former Lander & Rogers client that was hit with a $2.9 million legal bill for work on a construction matter has taken the firm to court, calling its costs disclosures “grossly inadequate”. 

Transport for NSW has asked the High Court to weigh in on when land is acquired for a 'public purpose', in a dispute over the value of land acquired near the Western Sydney Airport.

Developer Freecity has won court approval for its plans for a 19-level, $230 million student accommodation development near Macquarie University, after its plans were initially knocked back by the local council.

The federal government has announced a $200 million investment aimed at boosting housing and infrastructure in regional Western Australia.

The owners of the Werribee shopping centre in Victoria have lost their bid for preliminary discovery related to the likely recovery in their $356 million claim against builder Probuild. 

CIMIC has agreed to pay $45.25 million to settle a shareholder class action alleging it failed to properly inform the market about its investment in a Middle East company. 

Tokyo-based Sumitomo Corporation has taken its first step into the Australian residential market, partnering with developer Mirvac on a housing development in Sydney’s northwest that is expected to generate $830 million in sales.

The Victorian Government has flagged its support for recommendations aimed at stamping out criminal activity in the state’s construction industry, including changes to the 'fit and proper' test for union positions.