Construction

The valuer general of Victoria has told the High Court that a property in Melbourne's CBD should be valued at $6.2 million rather than $2.9 million, despite a heritage constraint on development. 

Maxcon Developments, which allegedly owes $23 million in unpaid tax, has lost its bid to stay orders winding up the business, with a judge deeming the company “hopelessly insolvent”.

Developer Schofields has won $20 million from the New South Wales government after the state failed to provide an easement or road access to land it owned for more than two years after acquiring a neighbouring lot. 

A Perth construction company still owes electrical contractor Mobius full payment for work on a Rio Tinto reinjection scheme after it was duped by a fraudulent email, with a judge calling the case "a salutary reminder" of the importance of verifying bank details.

Chinese builder Yuanda has settled a lawsuit against its former director that alleged he diverted building contracts, including a project with Lendlease, to his current employer SRG Global. 

Construction materials giant Boral has pleaded guilty to interfering with Indigenous relics at a Hobart quarry.

CPB Contractors has sued its insurers for their refusal to cover $9.5 million in costs incurred fixing defective road signs on the CityLink extension in Melbourne.

A bidding war has broken out after Singaporean developer Ho Bee Land made a $390 million offer to acquire developer AVJennings, months after AVID Property Group lodged a takeover offer.

European construction company STRABAG Group has received Foreign Investment Review Board to acquire Australian construction company Georgiou Group for $233 million.

The owners of Sydney’s Australia Square Tower have filed proceedings over $250,000 in damage allegedly caused by a subcontractor that flooded the iconic skyscraper's lift shaft.