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Construction PRO
Late artist’s ‘animus’ toward Cranbrook won’t bar school’s offer on $33M home
Real Estate 2025-06-02 10:36 pm By Cindy Cameronne

A charitable trust of the late artist Martin Sharp, known for designing album cover art for Eric Clapton, can sell his $33 million home to the neighbouring Cranbrook, despite having expressed “animus” towards the prestigious private school, a judge has said.

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Construction PRO
Soul Patts, Brickworks sign $14B merger pact
M&A 2025-06-02 11:23 pm By Cat Fredenburgh

Investment house Washington H. Soul Pattinson has reached a merger agreement with building products and property company Brickworks to create a $14 billion powerhouse.

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Construction PRO
Transurban says $200M loan obtained for WestConnex
Transportation & Infrastructure 2025-06-02 11:51 pm By Cat Fredenburgh

Transurban has announced a $200 million loan has been secured by the financing arm of the WestConnex road project in Sydney. The toll road operator announced the loan facility in an ASX statement on Monday. “Transurban announces that WestConnex Finance Company Pty Limited, the finance vehicle of WestConnex, has successfully raised a A$200 million 10-year…

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AUSTRAC flags organised crime risks at Queensland, NT casinos
Gaming 2025-05-30 9:43 pm By Julia Kanapathippillai

Australia’s financial crimes agency has sounded the alarm on organised crime risks at two casinos in Far North Queensland and the Northern Territory.

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Court OKs settlement with gag clause in Marsden Park development class action
Class Actions 2025-05-29 11:23 pm By Cindy Cameronne

A judge has signed off on a confidential settlement in a class action over off-the-plan homes in a proposed north-west Sydney development, including a clause that prevents group members from making any public statements about the suit or disparaging the parties. 

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Paladin Energy to face competing shareholder class actions
Class Actions 2025-05-29 11:44 pm By Cat Fredenburgh

Uranium miner Paladin Energy is facing a second shareholder class action over alleged misleading disclosures to the market about expected production at its flagship uranium mine in Namibia.

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Construction PRO
Pembroke can’t challenge ‘restricted land’ ruling over $1B Olive Downs mine
Energy & Natural Resources 2025-05-30 11:00 pm By Cindy Cameronne

Pembroke Resources has lost its appeal bid over the meaning of “restricted land” after the private equity-backed miner argued a court’s ruling could impinge on plans for a $1 billion steel-making coal mine in Queensland.

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Construction PRO
Victoria greenlights Viva Energy’s LNG terminal
Energy & Natural Resources 2025-05-30 11:43 pm By Andy Sidler

The Victorian government has given the go-ahead to Viva Energy’s plans to construct a liquefied natural gas terminal in Geelong.

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Construction PRO
Healthscope landlords agree to rent relief, as other operators express interest
Real Estate 2025-05-30 11:58 pm By Christine Caulfield

Asset manager HMC Capital, which owns 11 private hospitals operated by embattled Healthscope, has reached a rent deferral deal with receivers and says other operators have expressed interest in taking up tenancy.

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Construction PRO
Partial victory for Seasons of Perth hotel owner in spat with builder
Construction 2025-05-30 11:44 pm By Sam Matthews

The owner of Seasons of Perth Hotel has notched a partial victory in its fight with construction company Reward Group over performance bonds.

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