Acciona, AECOM to face class action claims over Hunter Valley bus crash
A class action on behalf of families of victims of a bus accident in Hunter Valley, NSW has won court approval to add builder Acciona and consultant AECOM as defendants, claiming they were responsible for the construction and certification of the interchange where the tragedy occurred.
Hyde Park developer, RSL settle $95M payment dispute
The prospective developer of the Hyde Park Inn in Sydney has dropped its appeal of a decision which disallowed it from delaying a $95 million payment to the NSW Returned Service League.
Trial can continue against bankrupt execs of collapsed developer Dyldam
A judge has given a liquidator approval to continue with claims at trial against former executives of failed Sydney developer Dyldam after they declared bankruptcy.
$500M waste-to-energy plant wins extension, as ACCC delays on Acciona bid
The receivers of the East Rockingham waste-to-energy project in Western Australia will have until the end of September to hash out a plan to put before creditors that will maximises their returns, as Acciona's bid for ACCC approval of its offer to acquire the plant faces more delays.
Abacus Storage receives $2.2B takeover bid after shunning earlier offer
Abacus Storage Kings has a received a $2.2 billion takeover offer from a consortium of Ki Corporation, the family office of South African businessman Nathan Kirsh, and New York Stock Exchange-listed Public Storage, after rejecting a $1.9 billion offer in May.
‘Miscellaneous’ licence doesn’t exempt Atlantic from WA land rates: court
Atlantic will have to pay its dues to a local council in Western Australia, where it operates a $700 million mining project, with a court rejecting arguments that would allow mining companies to avoid paying rates on land that may produce “considerable profits”.
Lendlease chosen by Malaysia’s biggest super fund to oversee real estate mandate
Lendlease has been chosen to manage real estate investment for Malaysia's biggest public sector superannuation fund, even as it reportedly faces a fight to retain control of investment dollarsfor Australia's super giants.
Builder Shinetec claims priority interest in $48M paid to Gosford receivers
In a new suit against the developer of an abandoned $185 million project in Sydney, Shinetec has asked the court to declare its priority interest in a $48 million payment recently paid to the developer by Bank of China.
Johns Lyng accepts $1.3B takeover bid from Pacific Equity Partners
Australian building services provider Johns Lyng Group has agreed to be acquired by a subsidiary of private equity group Pacific Equity Partners in a $1.3 billion deal.
AsheMorgan boosts industrial portfolio with new assets from Centennial
Private equity real estate firm AsheMorgan has snapped up two industrial properties, paying a reported $33.5 million for a logistics hub in Melbourne and $20.5 million for another in Brisbane.
Government grants swift approval to Zen’s Queensland solar farm
Australian economist Ross Garnaut's renewables company Zen Energy has received a boost from the federal government, winning approval for its planned solar farm in southeast Queensland in less than a month.
AGL expands renewables portfolio by snagging Photon solar project
Fresh off its acquisition of a massive battery network from Tesla, AGL has continued its push into renewables by gobbling up Amsterdam-based Photon Energy's Yadnarie solar and long-duration energy project in South Australia.
China’s JD.com makes foray into Australia with logistics centre buy
The infrastructure investment arm of Chinese e-commerce giant JD.com has entered the Australian industrial property market with the acquisition of a large distribution center in Brisbane.
Charter Hall sells Bunnings asset for $44M in off-market deal
Property investment firm Charter Hall has sold its Bunnings Warehouse in the southeast Melbourne suburb of Clyde North for $44 million, in an off-market deal that reinforces the strength of retail real estate.
HWL Ebsworth boosts development expertise with acquisition of boutique
HWL Ebsworth has acquired Adelaide law firm Botten Levinson Lawyers, boosting the firm's environment and development law offering in the region.
Star on hook for $36.5M if no deal reached with Queen’s Wharf partners
Troubled casino operator Star Entertainment says it will have to repay $36.5 million to its Queen's Wharf partners if an agreement on a plan to buy out its stake in the Brisbane entertainment project is not reached by the end of the month.
Sentinel shells out $132M for office in Brisbane’s Olympics precinct
Sentinel Property Group has purchased its most expensive office asset since its establishment, paying $132 million for a fully-leased office building in the heart of Brisbane's Olympics precinct.
‘Unacceptable’: Court says Sydney can’t afford loss of Paddington boarding house
A court has described a plan to demolish a 32-room boarding house for the construction of four luxury residences in Paddington as an "unacceptable loss" of affordable housing in inner-city Sydney.
Dyldam settles case over $74M sale of Paramatta development
Dyldam Developments has won approval to settle a case by the liquidator of a special purpose vehicle over the proceeds of a Paramatta development that sold for $74 million -- bolstered by major shareholder Persephone’s "gritted teeth" backing.
Rival real estate portals REA, Domain resolve case
Real estate portals Domain and REA Group have settled a lawsuit that alleged Domain scraped photos and floorplans from REA's exclusive listings for its property reports.
Court blocks Paddington boarding house demolition for lux residences
The NSW Land and Environment Court has blocked a developer’s controversial plan to demolish a 32-bedroom boarding house in Inner Sydney suburb of Paddington to develop four luxury residences.
Contradictor allowed in Optus appeal over telco tower development
A judge has allowed a Central Coast resident to weigh in on Optus’ challenge to a council's refusal to bless its plans to build a telecommunications tower, saying the council’s “commercial relationship” with the telco justified a contradictor.
Rex Patrick’s case over Snowy 2.0 docs in the public interest: court
Former senator and 'transparency warrior’ Rex Patrick has won an order capping the government's costs at $40,000 in his case seeking documents on the $12 billion Snowy 2.0 renewables project, with a judge finding the matter raised issues of public interest.
Owner of $26M Rose Bay villa loses neighbour row over garage reno
A member of the Waterhouse racing family has lost his court fight with a neighbour over planned renovations to the garage of his $26 million distinctive Sydney mansion.
Roberts Co warns of industry-wide harms from after-hours claim ruling
Roberts Co is fighting a finding that a $3.2 million payment claim served after-hours on a Friday by subcontractor Sharvain Facades was valid, arguing that voiding contractual provisions has broad consequences for the construction industry.
