ASX-listed Investment manager Regal Partners has acquired 50 per cent of real estate investment platform Ark Capital Partners, as well as a five-star luxury hotel in Adelaide for $75 million.
Builder Richard Crookes has won a contract to rebuild the historic Powerhouse Museum, with two museum buildings found to have unsafe steel structures that will need to be replaced.
Fawkner Property Group has acquired a shopping centre in Far North Queensland for $34 million, its third recent shopping centre purchase in the region.
The administrators of Roberts Co have recommended that creditors accept a deal from founder Andrew Roberts that would see a cash contribution of $17.4 million to release Roberts and others from any claims.
A defunct sand importer has told a court that it was “strung along” by the Port of Authority of NSW over an agreement to build a multi-user facility in Glebe Island, alleging the government-owned corporation is liable for $300 million in damages for unconscionable conduct.
Childcare centre Bright Days is on the hook for a $1 million payment to builder ATG under an $11 million construction contract, after a judge rejected its argument that an adjudicator’s decision not to determine a payment application due to a perceived conflict of interest was a determination of the application.
In “mega-litigation” over allegedly defective anti-corrosive coating used on the $45 billion Ichthys natural gas project, a judge has handballed an issue raised by Japanese oil company Inpex about damages calculations back to a referee.
A judge has recused himself from hearing a class action against Fletcher Building, and has imposed a ban on presiding over any cases involving Maurice Blackburn for a period of time.
A real estate developer based in the Victorian town slated as the location for a waste-to-energy plant has lost its challenge to the proposed project.
An Acciona unit has sued Dual Australia, claiming the insurer is on the hook for $3 million in remediation for alleged design defects by a subcontractor on a Fulton Hogan quarry in Victoria.