Roberts Co NSW has been sold to United Arab Emirates-based developer Arada, in a deal that includes a $20 million recapitalisation with a view to expanding the Australian builder’s business into the UAE.
Adelaide real estate group Taplin has acquired the Kurralta Park Village shopping centre from Coles, with the supermarket giant reselling the site for a $1 million profit after just 2 years.
A hearing has gone ahead in a dispute over an aborted $30 million property dispute, with a judge rejecting Aintree Major Town Shopping Centre’s bid to vacate because of its “manifestly inadequate” preparation.
UK construction company Murphy is continuing its expansion with a 40 per cent stake in Sydney-based building company Abergeldie Complex Infrastructure.
Developer VSD Investments has failed in its novel argument for keeping Builtcom from the proceeds of a successful $8.5 million payment claim for work on a Sydney project.
The former CEO of School Infrastructure NSW directed a $20 million contract to friends — a former PwC partner and the head of a consulting firm — without disclosing any conflicts, according to an ICAC inquiry.
A stay of a $37 million 2023 judgment in favour of the company behind an abandoned $185 million development in Gosford NSW against the Australian arm of China’s Shanxi Construction Investment Group has been extended.
Lender WholeCap has lost its bid for a “break fee” and $430,000 in legal costs billed by King & Wood Mallesons associated with a term sheet for a proposed $66.1 million loan to a Harbour Land entity.
A contractor working on upgrades at the Metropolitan Remand Centre in Victoria has filed proceedings against the Victorian Correction Infrastructure Partnership, arguing a dispute resolution clause in their contract runs afoul of the SOP Act.
King & Wood Mallesons has advised Transgrid on a project to connect the country’s first renewable energy zone to NSW’s energy grid.