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Court rejects developer’s bid for extra time to settle $95M Hyde Park property deal
Real Estate 2025-05-08 11:59 pm By Sam Matthews

A developer seeking to redevelop the site of the Hyde Park Inn has lost its bid for an extra 15 months to pay up over $95 million to the NSW branch of the RSL to settle the purchase, but a judge has handed it a win in the process for determining the final price tag for the deal.

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Council wins challenge to Peace Park residential development
Construction 2025-05-08 11:18 pm By Julia Kanapathippillai

A NSW council has partially succeeded in its challenge to the approval of a proposed residential development near the Peace Park in Ashbury in Sydney’s Inner West. In November 2024, Commissioner Elizabeth Espinosa of the NSW Land and Environment Court ruled in favour of developer Hamptons Property Services, and granted it development consent for a…

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Linchpin class action settlement with AIG wins court approval
Class Actions 2025-05-05 11:01 pm By Andy Sidler

A judge has signed off on a settlement in a class action by investors in failed advisory firm Linchpin Capital, with insurer AIG paying $12.15 million and forfeiting its right to appeal a liability finding.

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Construction PRO
Lenders for Bondi Junction property lose bid for break fee, KWM’s fees
Real Estate 2025-05-05 11:55 pm By Cat Fredenburgh

Lender WholeCap has lost its bid for a “break fee” and $430,000 in legal costs billed by King & Wood Mallesons associated with a term sheet for a proposed $66.1 million loan to a Harbour Land entity.

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Victoria sued over Metropolitan Remand Centre construction project
Construction 2025-05-05 11:31 pm By Andy Sidler

A contractor working on upgrades at the Metropolitan Remand Centre in Victoria has filed proceedings against the Victorian Correction Infrastructure Partnership, arguing a dispute resolution clause in their contract runs afoul of the SOP Act.

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King & Wood Mallesons advises Transgrid on connecting first renewable energy zone
Construction 2025-05-05 11:35 pm By Julia Kanapathippillai

King & Wood Mallesons has advised Transgrid on a project to connect the country’s first renewable energy zone to NSW’s energy grid.

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Construction PRO
BaptistCare can use Five Dock social housing as security, court finds
Construction 2025-05-05 11:58 pm By Andy Sidler

A court has clarified that BaptistCare Community Housing can use a social housing property in Five Dock to secure a loan from Housing Australia for improvements at the site. 

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Construction PRO
Gold Road Resources agrees to $3.7B takeover
M&A 2025-05-05 11:12 pm By Julia Kanapathippillai

Australian mining company Gold Road Resources has agreed to a $3.7 billion takeover by South African mining company Gold Fields.

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Funder behind failed class action against Quintis director, EY fights costs order
Class Actions 2025-05-01 11:53 pm By Andy Sidler

The funder that backed a failed shareholder class action against an ex-Quintis director and EY is fighting a bid for a third-party costs order, arguing such orders shouldn’t be imposed on funders where there is no doubt they will pay up.

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Corrs wears all hats in advising on landmark PPP for renewable energy zone
Corrs Chambers Westgarth 2025-05-02 4:15 am By Cat Fredenburgh

In a “unique approach” to public-private partnerships, Corrs Chambers Westgarth has advised the sponsors and contractors on a landmark project for Australia’s first renewable energy zone. 

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