Construction

James Hardie may soon face a second shareholder class action — this one over alleged inadequate disclosures about troubles in its North American fiber cement unit in a market guidance for the 2026 financial year.

Builder Watpac has lost its bid for a separate hearing on whether a guarantee provided to the developer of Sydney's One Central Park is time-barred, with a judge saying the question should wait until $180 million in defects claims are determined.

Fletcher Building has won approval to sell its construction division to France-based VINCI Construction for NZ$315.6 million.

A Toorak developer has been barred from calling on nearly $500,000 in security, with a court finding an allegation against contractor Kronstruct was “irrational and misconceived" and did not result in the alleged $1.6 million loss. 

A dispute between the developer of a luxury Sydney apartment complex and an owners corporation will stay in court, with an appeals court confirming it was preferable to an expert determination. 

The former lawyer for Broken Hill Council, who was ordered to return over $2 million in unauthorised fees, has been socked with a $1 million order for indemnity costs for “exceptional” conduct in a case over his firm's rates.

Global infrastructure manager Palisade Investments has scooped up a battery energy storage system under construction 50 kilometres from Adelaide, which has already secured a long-term tolling agreement with Origin Energy.

A judge has ordered financier MaxCap to hand over certificates of title for property associated with collapsed developer APH Holding's $320 million Wellington Health precinct in the Melbourne suburb of Box Hill.

Victoria's Building and Plumbing Commission has suspended a prominent building surveyor over a series of alleged failures in relation to a Carnegie renovation.

Challenging an adjudication decision for Watpac in a dispute over a $450 million residential complex in Macquarie Park, developer Romeciti says the adjudicator had no jurisdiction to permit the builder to access $9.19 million in bank guarantees.