Industries

Developer Dennis Family Corporation has been hit with class action by purchasers of apartment units in Brisbane who allege their contracts were wrongly terminated after the market value of neighbouring properties soared by 40 per cent. 

The ACCC is concerned Acciona’s proposed acquisition of the East Rockingham waste-to-energy project would remove competition between the only two such facilities in Western Australia. 

ASIC has won travel bans against two people who are being investigated over their links to Keystone and Falcon Capital funds, which are suspected of misusing investor money, after the regulator claimed losses could be “catastrophic”. 

Atlantic Nickel has lost a challenge to further amendments to a case by failed suitor Mining Services International that alleges it lost the opportunity to purchase a Brazilian mine now valued at over $1 billion.

Whitehaven Coal, which is locked in a fight with two conservation groups over the Winchester South coal mine in Queensland, has fought off an application for disclosure of internal climate risk documents created by a related entity.

Investment firm Alceon and retail consultancy Aktiv have acquired major Gold Coast shopping centre The Strand Coolongatta for $142 million, with plans to upgrade the site.

Singapore-based real estate investment manager Frasers has offloaded an office tower on Melbourne's Collins Street for $195 million in a strategic exit from the city's "challenging" office sector.

A former director of three construction companies that collapsed with debts of almost $94 million has been banned by the corporate watchdog from managing corporations for five years.

The ACCC will not oppose the Omnicom Group’s planned $21 billion acquisition of The Interpublic Group of Companies, with the regulator finding the transaction was not likely to substantially lessen competition.

Receivers for the troubled $500 million East Rockingham waste-to-energy project may have to explore other options after the ACCC expressed competition concerns about Acciona's bid to acquire the project in Western Australia.