Construction

In its largest ever investment, the federal government's Clean Energy Finance Corporation has pledged $2.8 billion for the Marinus Link project to build a second underwater cable between Victoria and Tasmania.

The owners corporation of a 98-unit Parklea development by defunct builder Dyldam Developments have appealed a ruling that found time was up on its insurance claim for building defects in a property completed 17 years ago.

The liquidators of real estate investment company Global Capital Property Fund have expanded their suit alleging breaches of fiduciary duties in relation to a $50 million Queensland development, adding special purpose vehicles for several developments in Victoria.

Mirvac has entered into a joint venture with Japanese developer Mitsubishi Estate to deliver a mixed-use precinct in Sydney’s Darling Harbour, estimated to have an end value of over $2 billion. 

Perth-based construction and mining contractor NRW Holdings will acquire engineering company Fredon Industries in a $200 million takeover bid.

Plans to transform the site of the former VicRoads in Kew have progressed, with four developers invited by the Victorian government to put forward development proposals, including Lendlease and Mirvac.

A Tasmanian community group has lost its appeal against a decision by a local council to grant a permit for Ark Energy’s proposed St Patricks Plains Wind Farm, but a tribunal has ordered the wind farm to tweak its plans.

A court has ordered the de facto director of failed construction company Trinco to pay its liquidator $10 million, finding that the builder had been trading while insolvent since 2018.

A construction law firm that is accused of overcharging a developer by $250,000 has lost its bid to stay cost assessment proceedings against it.

The owners of a landmark building in the Sydney suburb of Manly have lost their challenge to a decision which found they owed the local council over $419,000 in car park licence fees and damages for installing a roller door.