Queensland

Property developer Ascot Capital has acquired a Queensland industrial portfolio from construction materials company Wagners in a $43 million leaseback deal.

A tribunal has dealt a blow to ASX-listed residential park owner Ingenia, ordering it to repay 50 per cent of the rent charged to residents at a Queensland park whose rent was raised by more than 26 per cent following a market review. 

A judge has fined Queensland mining equipment company Qteq $5 million and chair Simon Ashton a record $1 million for attempting to engage in cartel conduct.

With the countdown underway for the 2032 Brisbane Olympics, two architectural firms have been awarded contracts to design centrepiece stadiums for the Games.

A Federal Court judge has refused to alter freezing orders to cover rent costs for the couple behind defunct NDIS housing developer ALAMMC, after the Queensland Supreme Court made possession orders over their Gold Coast apartment.

A judge has refused to adjourn an appeal over a development application for a new lifestyle precinct in east Brisbane in light of a criminal case over the alleged unlawful use of the same land, opting instead for “careful” case management. 

Two groups will compete to build an arena to replace Brisbane's Gabba stadium ahead of the 2032 Olympics, after beating out six other groups.

A developer can have recourse to $740,000 in security following building delays, with a judge finding that its contract with Rawcorp for the construction of a Coolangatta apartment complex created an unfettered right to call on the security. 

Amazon will take up residence in Charter Hall’s logistics estate just south of central Brisbane, building a $750 million first-of-its-kind robot-assisted fulfilment centre spanning 150,000 square metres. 

Acciona has won $2.1 million from Zurich Insurance and two other insurers in a case alleging it was entitled to indemnity after severe weather events damaged work on the Bruce Highway project in Queensland.