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Construction PRO
Kaloriziko appeals ruling on Ryde development offset
Developer Kaloriziko has appealed a ruling which rejected its claim that a property deal involving related parties extinguished a $2.12 million liability to a builder on the 'Sky Gardens' residential development in Ryde, NSW.
Construction PRO
Abacus Storage grants due diligence to consortium behind $2.2B takeover offer
Abacus Storage Kings will open its books for a consortium of Ki Corporation and New York Stock Exchange-listed Public Storage, which lobbed a $2.2 billion takeover offer last week.
Construction PRO
Whitehaven wins fight with enviro groups over climate risk docs
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.
Construction PRO
Atlantic Nickel can’t dodge new version of mining company’s $1B case
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.
Construction PRO
Frasers exits ‘challenging’ Melbourne CBD market with $195M office tower sale
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.
Construction PRO
Builder banned for five years after leaving 300 creditors out $94M
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.
Crown Resorts to pay $73M to settle shareholder class action
Casino operator Crown has agreed to pay $73 million over two years to settle a shareholder class action accusing it of lax money laundering compliance, with solicitors set to take home $20 million.
Construction PRO
Alceon picks up Gold Coast shopping centre for $142M
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.
Law firm’s cut no sure thing as judge OKs $87M settlement in Hino class action
A judge has approved an $87 million settlement in a class action against Hino Motors, but says he needs to hear from a contradictor before greenlighting a law firm's 25 per cent contingency fee.
Contempt bid against Nine’s in-house lawyers, journalists dismissed
A judge has tossed an application for a contempt hearing against in-house lawyers, editors and journalists at Nine who allegedly breached suppression orders in a former ABC radio host’s unfair dismissal case.