Maas Group sells unit to Heidelberg Materials for $1.7B

Maas Group Holdings has sold its construction material division to Heidelberg Materials for $1.7 billion, vowing to use the proceeds of the sale to invest in AI and digital infrastructure assets after acquiring a minority stake in AI data centre company Firmus.

Octopus acquires renewables projects in NSW, Qld

Renewables investor Octopus Australia has acquired a battery energy storage system in NSW and a solar farm and battery project in Queensland, expanding its $16 billion renewables portfolio.

Charter Hall pays $152M for stake in WSU’s Parramatta campus

Property investor Charter Hall has dropped $152 million for a 50 per cent stake in Western Sydney University's Parramatta campus. 

Defence department to divest $2B from estate after audit

The government has announced that it will divest 67 defence properties following an audit which found that much of the estate was underutilized and in a state of disrepair.

Heitman, Erben nab Perth site for student housing development

Real estate investment firm Heitman and developer Erben have acquired a lot from the Western Australian government to develop a 19-storey student accommodation to meet growing demand in Perth.

Property investment group Yale lands Epping logistics park for $275M

A 259-hectare greenfield industrial site in Melbourne's north has been sold to Yale Investment Group for $275 million.

Charter Hall strikes $500M to buy into Sydney office precinct

Real estate fund manager Charter Hall has reportedly acquired a 50 per cent stake in Sydney's O'Connell Street precinct from the Abu Dhabi Investment Authority for $500 million.

Australia’s office market ‘in growth mode’, new report says

A report released by real estate asset manager Dexus suggests Australia's office market growth is on the upswing after years of stagnation.

Acciona can’t access Kanadevia Inova docs in waste-to-energy spat

A judge wants more information before allowing Acciona employees to access documents from the company's Swiss rival and co-defendant in a dispute over the receivership of the East Rockingham waste-to-energy project. 

Aspen, Establishment developers hit Geocon with $13M cross-claim

The developers of the Aspen and Establishment luxury residential projects in Canberra have lobbed a cross-claim alleging builder Geocon owes them up to $12.9 million in delay damages.

Canberra builder loses spat with contractor on Garema Place Hotel

A Canberra builder has failed to set aside a $918,000 decision in favour of the contractor that performed earthworks on the 10-storey Garema Place Hotel, with a judge finding the builder’s payment schedule was not validly served. 

High Court tosses Obeid, Macdonald appeals over rigged coal tender

Labor politicians Ian Macdonald and Eddie Obeid, and his son Moses Obeid have lost their High Court challenges to their convictions for a conspiracy to rig a mining exploration tender.

Probuild fights Pacific Werribee owners’ privilege claim over Allens chats

Probuild is fighting legal professional privilege claims by the co-owners of the Pacific Werribee shopping centre in Victoria, who have brought a $356 million defects case against the collapsed builder. 

Martinus Rail loses fee boost bid for law firm, barristers in $23M case

Martinus Rail's lawyers can't get an boost in their fees despite winning a fight against grain supply chain Co-Operative Bulk Handling over a $23 million payment claim for the construction of a rail siding.

Critical minerals producer Australian Ilmenite Resources wins NT lease

The National Native Title Tribunal has partially granted a mineral lease to Australian Ilmenite Resources, finding the critical minerals producer's plans to expand ilmenite mining within one area in the Northern Territory was in the public interest.

Mackycorp loses appeal over $30M Lismore development

A First Nations elder has defeated a developer's appeal against a local council's decision to reject plans for a $30 million housing estate in Lismore, with a court agreeing the development would adversely impact Aboriginal cultural heritage.

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