Construction

Preventing a DOCA for the Milligan-owned developer of the troubled $1.8 billion Halo Tower skyscraper in Sydney could cause $100 million in losses and jeopardise a sale to Cbus set to settle in July, a court has heard.

Engineering company Monadelphous Group has won a $380 million construction contract with CS Energy for a new Queensland power plant. 

A judge has refused to allow Forte Construction to file a late amended defence after it failed to comply with three orders in a $3 million case brought by the liquidators of collapsed real estate fund manager iProsperity, saying the court was being treated with “absolute contempt”.

Twenty-one former property owners at the site of the troubled 55-storey Halo Project skyscraper in the Sydney CBD have won access to a contract entered with Cbus Property shortly before developer FT Sydney went into administration. 

The operator of Perth Airport has filed an appeal after United Petroleum won its case alleging it was induced to enter into a $900,000 lease and construction agreement with promises of redevelopment at the site.

NSW builder Hort Constructions is seeking urgent orders to restrain Iluka Resources from calling on a $1.45 million bank guarantee, claiming the mining company is seeking the funds for an improper purpose.

The federal environment minister has rejected two emergency applications to declare the planned site for an Olympic stadium at Brisbane's Victoria Park a significant Aboriginal heritage area. 

Former Keystone Asset Management director and developer Paul Chiodo has been ordered to produce books in his possession as well as bank account statements of family members, as he defends himself in a case over alleged misappropriated money.

Melbourne underworld figure Mick Gatto was arrested on Wednesday and later released as part of an investigation into alleged financial offences.

Real estate developer ESR and property investment company Mitsubishi Estate Asia are partnering to develop a $700 million logistics estate in Western Sydney.