Hammer not having it: Trial in APAC, Dexus row starts, then stops
Questioning of the first witness in Dexus' case against Melbourne Airport's operator was an hour in when trial was halted by the judge, who complained of flying by the seat of his pants, documentary evidence-wise.
SIXT says airport operator seeking ‘best of both worlds’ in $1.9M rent feud
German car hire company SIXT has attacked the Darwin International airport owner's construction of their lease contract in a $1.9 million spat over the appropriate formula for rent calculations, saying it was trying to have the "best of both worlds".
Santos must show it can pony up cash to retire Reindeer, court told
Trial in a case by the Wilderness Society challenging Santos' plans for its Reindeer gas field kicked off Tuesday, with counsel for the activist group saying the energy giant needed to show it coud cover decommissioning costs.
NextDC launches $1B securities offer as data centre growth surges
NextDC has issued a $1 billion wholesale securities offer to finance its growth, as the global data centre business booms on the back of an AI frenzy.
Builder Impero Group goes into liquidation
Construction company Impero Pacific Group has been placed into liquidation with a reported $21 million in debts.
Woolworths must produce Big W closure strategy docs in row with landlord
A Woolworths entity must hand over documents concerning its plan to close unprofitable Big W stores in a stoush with a Brisbane shopping centre owner over an alleged breach of a 20-year lease.
Qube’s privilege claim in Martinus Rail spat shot down in part
Martinus Rail has won access to some documents produced in a dispute with logistics company Qube over the Moorebank Intermodal Terminal project, despite claims by the logistics company that the material was privileged.
Vicinity, Ipoh win $470,000 from Galeries Shopping Centre tenant
Retail property group Vicinity and GIC's Ipoh have won $470,000 from a former tenant at Sydney's Galeries Shopping Centre to cover unpaid rent, damages and fitout restoration costs.
Wagners sells industrial portfolio to Ascot Capital for $43M
Property developer Ascot Capital has acquired a Queensland industrial portfolio from construction materials company Wagners in a $43 million leaseback deal.
Star divests stake in Brisbane’s Queen’s Wharf to Hong Kong partners
Star Entertainment has finalised the first stage of the sale of its stake in Queen's Wharf Brisbane, disposing of its interest in owner Destination Brisbane Consortium to its Hong Kong joint venture partners.
NSW fast-tracks $52B in data centre projects
The Minns government has fast-tracked 15 data centre projects worth $51.9 billion and promised to articulate the values that will guide future decision-making amid concerns about protecting national interests amid the data centre boom.
WA signs power purchase agreement for Alinta wind farm
Alinta Energy has secured a long-term power purchase agreement with the state of Western Australia for what will be the state's largest wind farm.
Two more contracts awarded for Olympic Games stadiums
With the countdown underway for the 2032 Brisbane Olympics, two architectural firms have been awarded contracts to design centrepiece stadiums for the Games.
Rio Tinto gets $2B boost to support Boyne aluminium smelter
The federal and Queensland governments will hand over $2 million to Rio Tinto to support its Boyne aluminium smelter in return for the mining giant investing $7.5 billion in clean energy projects within the state.
Downer, Stockland ink $500M management agreement
Major infrastructure manager Downer Group has signed a five-year $500 million deal to manage Stockland’s suite of operational assets.
Corrs, Hamilton Locke advise on Whiteoak’s acquisition of Arcadia
Private equity firm Whiteoak has acquired architectural facade supplier Arcadia Consolidated, supporting the company as it implements an accelerated growth plan.
Vena Group signs $200M battery storage deal with InCommodities
Singapore renewables company Vena Group has signed a $200 million long-term battery storage agreement with Danish energy trading company InCommodities for the Bellambi Heights battery energy storage system in central west New South Wales.
Council wins fight with TfNSW over land acquired for light rail
Parramatta City Council has prevailed in a fight with Transport for NSW over land compulsorily acquired for the state's light rail system, with a judge finding it held a registered interest in the land.
Romeciti appeals $9M SOPA judgment for Watpac over Natura development
Sydney developer Romeciti is challenging a $9.19 million payment adjudication in favour of construction company Watpac in connection with a $450 million high-end residential complex in Macquarie Park.
Development objector has no say after Land Court conciliation: appeals court
A NSW appeals court has found objectors have no right to weigh in on development applications once they reach conciliation in the Land and Environment Court, and that judges don't have to consider all material before the court.
Bankruptcy trustee for developer Sam Fayad worries $8M loan a ‘sham’
The bankruptcy trustee for Dyldam Developments director Sam Fayad has raised concerns about upcoming sales of property in western Sydney, saying an $8 million loan secured against the real estate may be a "sham".
Ex-ACM head Antony Catalano in row over St Kilda penthouse defects
Former ACM head Antony Catalano and his wife are seeking compensation over alleged defects in the the façade of their $30 million St Kilda penthouse apartment, while attempting to sell the swanky digs for $6 million less than the initial asking price.
Monash College sued for $22M in rent under student housing deal
The operator of the Urbanest student accommodation in Melbourne has sued Monash College for $22.2 million in damages, claiming the university breached a contract over unoccupied bed rent.
Ingenia must repay homeowners after ‘excessive’ rent hike
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.
In blow to class action, judge finds Alucobond cladding could be used safely
A class action has failed to prove 3A Composites and Halifax Vogel misled consumers about allegedly flammable Alucobond cladding, with a judge finding developers and others were responsible for ensuring that it was safely used.
