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Abacus Storage receives $2.2B takeover bid after shunning earlier offer
Real Estate 2025-07-14 3:23 pm By Cat Fredenburgh

Abacus Storage Kings has a received a $2.2 billion takeover offer from a consortium of Ki Corporation, the family office of South African businessman Nathan Kirsh, and New York Stock Exchange-listed Public Storage, after rejecting a $1.9 billion offer in May.

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Construction PRO
Hyde Park developer, RSL settle $95M payment dispute
Construction 2025-07-14 2:39 pm By Andy Sidler

The prospective developer of the Hyde Park Inn in Sydney has dropped its appeal of a decision which disallowed it from delaying a $95 million payment to the NSW Returned Service League.

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Construction PRO
Trial can continue against bankrupt execs of collapsed developer Dyldam
Trials 2025-07-14 11:32 am By Cat Fredenburgh

A judge has given a liquidator approval to continue with claims at trial against former executives of failed Sydney developer Dyldam after they declared bankruptcy.

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Construction PRO
$500M waste-to-energy plant wins extension, as Acciona’s wait continues
Energy & Natural Resources 2025-07-14 12:28 pm By Andy Sidler

Receivers of the $500 million East Rockingham waste-to-energy project will have until the end of September to hash out a plan to maximise creditor returns, as Acciona’s wait for approval of its bid to acquire the plant continues.

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Construction PRO
Lendlease to oversee real estate portfolio of Malaysia’s biggest super fund
Real Estate 2025-07-14 11:19 am By Christine Caulfield

Lendlease has been chosen to manage real estate investment for Malaysia’s biggest public sector superannuation fund, even as it reportedly faces a fight to retain control of investment dollarsfor Australia’s super giants.

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Construction PRO
‘Miscellaneous’ licence doesn’t exempt Atlantic from WA land rates: court
Energy & Natural Resources 2025-07-14 11:13 am By Sam Matthews

Atlantic will have to pay its dues to a local council in Western Australia, where it operates a $700 million mining project, with a court rejecting arguments that would allow mining companies to avoid paying rates on land that may produce “considerable profits”.

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Payday lenders BSF, Cigno lose appeal in ASIC case
Financial Services 2025-07-10 10:07 am By Cindy Cameronne

Payday lenders BSF Solutions and Cigno have lost an appeal in action by ASIC alleging they engaged in unlicensed credit activity and charged prohibited fees, in the case’s second run up to the Full Federal Court.

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Grant Thornton partner admonished for iSignthis audit review
Financial Services 2025-07-10 11:25 pm By Sam Matthews

A Grant Thornton partner has been admonished for failing to properly review the firm’s audit of the 2018 financial statements of delisted fintech iSignthis, in a promising turn for a recently filed class action.

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Fight over Machiavelli restaurant matriarch’s will leads to ‘outrageous’ legal costs
Estates 2025-07-11 11:57 pm By Christine Caulfield

Following the death of the 85-year old founder of famed Machiavelli Ristorante in Sydney, siblings Paola Toppi and Walter Toppi have racked up almost $1 million in legal costs fighting over the $2 million estate.

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ACCC clears Lactalis play for Fonterra assets
M&A 2025-07-10 11:08 pm By Julia Kanapathippillai

The Australian Competition and Consumer Commission will not oppose an acquisition by Lactalis of assets of New Zealand dairy cooperative Fonterra if the French multinational is successful in its bid.

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