Construction

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. 

Rio Tinto and Gina Rinehart-owned Hancock Prospecting will invest $2.47 billion to develop a Western Australian iron ore project as part of the Hope Downs joint venture.

The South Australian government has opened the sales process for the struggling Whyalla Steelworks, saying potential buyers had already shown strong interest.