Construction

Developer VSD Investments has lost an argument for withholding an $8.5 million payment claim from the builder of a 30-storey project in Sydney's inner west pending the construction company's appeal.

Developer Australia YMCI has reached an agreement with Parramatta on its application for remediation works at its $5B Ovation Quarter residential complex at Sydney Olympic Park.

A judge has dispensed with court rules to allow shopfitter Ramvek to bring a non-compliant summary judgment application against a builder in a payment dispute, saying strict compliance with the rules was at odds with the procedure and policy of the SOPA.

A South Australian wind farm developer has lost its appeal of ruling ordering it to make a $21 million progress payment to joint venture partners GE Renewable Energy and Elecnor.

Building materials giant James Hardie has promised it won't seek foreign exempt listing status and will not de-list from the ASX without the green light from shareholders, following backlash to its $14 billion merger with US home decking provider AZEK.

The owner of the Callide power station in Queensland, IG Power, has won court approval for a recapitalisation that will see major shareholder Sev.en inject millions to cover its debts.

K&L Gates has hired a White & Case partner with over 25 years of experience on major projects to join its Melbourne office.

Roberts Co NSW is to be acquired by United Arab Emirates builder Arada, a month after the Australian construction business put its Victorian unit in administration.

A new leadership team has been appointed to overhaul the Queensland Building and Construction Commission after a report found the agency was not fit for purpose.