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Construction PRO
Cairns office building sells for $77.5M
A private group of local business people has purchased commercial office building Cairns Corporate Tower for $77.5 million.
Herald Sun claims exemption in Groth privacy invasion case
The publisher of the Herald Sun denies it defamed Victorian Liberal deputy leader Sam Groth and argues it's exempt from new privacy laws, in a defence to a lawsuit over reports on the timeline of the politician's relationship with his wife.
Samsung Bioepis shoots down Janssen patent for ulcerative colitis biologic
Samsung Bioepis has successfully opposed Janssen's bid to patent a monoclonal antibody to treat ulcerative colitis, but an IP Australia delegate has given the J&J-owned company a chance to fix its application.
Construction PRO
Monarch Tower liquidator can’t bring late voidable transaction cases
The liquidator for collapsed property developer Monarch Tower has lost its appeal seeking an extension of time to bring voidable transaction claims said to be worth $27 million against 13 individuals and companies.
Elders’ $475M bid for Delta Agribusiness wins OK with store sell-off
The ACCC will not stand in the way of Elders’ $475 million takeover of rival farm supplier Delta Agribusiness, after the agribusiness giant provided an undertaking to divest six Delta stores in Western Australia.
Pentana can’t withdraw admissions in misuse of market power case
A judge has declined car dealer software supplier Pentana's bid to withdraw admissions made over four years ago in a dispute with competitor Titan DMS.
Construction PRO
AGL, Tilt Renewables among winners of latest clean energy tender
Projects by AGL and Tilt Renewables are among 20 clean energy developments to win underwriting agreements by the Albanese government in the latest tender under the capacity investment scheme.
Construction PRO
Court approves $4.5M development for $16.5M Mosman home
The NSW’s Land and Environment Court has approved plans to amend an approved $4.5 million development application to tear down a $16.3 million Mosman property to make way for a new home and pool.
ACCC not ready to let Yamaha acquisition of Telwater sail through
The competition regulator has expressed worries that Yamaha Motor's proposed acquisition of aluminium trailer boat maker Telwater could substantially lessen competition in the wholesale supply of outboard motors.
Construction PRO
High Court won’t hear review of price cut on Melbourne freeway land acquisition
The High Court has rejected a special leave application by the owners of land acquired to build a Melbourne freeway that sought to overturn an "erroneous" appeals court decision which left them with $2 million for land worth over $30 million.