Developer can exit cladding class action to bring $15M case against Halifax
Sydney developer Tiptell has won its bid to exit a combustible cladding class action against 3A Composites and Halifax to bring its own claim for $15 million.
Growthbuilt hits back at $92M claim over Darlinghurst development
Builder Growthbuilt has struck back in a $91.7 million lawsuit over the Oxford & Foley mixed use development in Darlinghurst, Sydney, claiming the project's financier failed to act in good faith and pointing the finger at its subcontractors.
John Holland venture, Acciona shortlisted for Wyaralong water treatment plant
Seqwater has revealed the contractors shortlisted to run in a two-horse race to win the contract to design and build the Wyaralong water treatment plant in south east Queensland.
Fortis snaps up Brisbane site for $37.5M for planned residential development
Sydney developer Fortis has snapped up a vacant site in Brisbane for $37.5 million for a planned residential development.
Property Council blames Victoria land tax for student housing bottleneck
Victoria's student housing pipeline has surpassed NSW, but most projects are still at the approval stage, according to a Property Council report which expressed concerns the state's land taxes are slowing development.
CSR says higher insulation costs during COVID-19 due to forces beyond its control
Building materials giant CSR has hit back at a misuse of market power case brought by building insulation distributor Consolidated Energy over COVID-19 price increases, blaming the higher prices on forces beyond its control.
With $2.9B to spend, Macquarie’s real estate fund launches land lease platform
The real estate division of investment bank Macquarie has made its foray into the land lease industry, with a plan to deliver thousands of homes on Australia's east coast through a new platform.
Acciona tapped to build Eyre Peninsula desalination plant in SA
Infrastructure giant Acciona has been given the nod as the construction partner for the Eyre Peninsula desalination plant in South Australia's Port Lincoln, as states ramp up investment in climate-independent water.
Oscars pays $30M for Lendlease Barangaroo development
Private hospitality group Oscars has paid $30 million for a Lendlease commercial and retail development in the harbour precinct of Barangaroo.
Wollemi Capital pays $19M for renewable energy company MPower
Climate investment firm Wollemi Capital has closed the acquisition of MPower, a transaction that will pave the way for a $100 million pipeline of renewable energy projects.
Lifestyle Communities sells land at Ocean Grove site for $46.2M
Retirement village operator Lifestyle Communities has sold a parcel of land at its Ocean Grove site in Victoria for $46.2 million.
Charter Hall pays $145M for Chullora Marketplace
Charter Hall has expanded its convenience retail portfolio, acquiring the Chullora Marketplace 14 kilometers southwest of Sydney's CBD for $145 million.
Government pledges $3.8B for Marinus Link project
In its largest ever investment, the federal government's Clean Energy Finance Corporation has pledged $2.8 billion for the Marinus Link project to build a second underwater cable between Victoria and Tasmania.
Mirvac to partner with Mitsubishi Estate on $2B Harbourside project
Mirvac has entered into a joint venture with Japanese developer Mitsubishi Estate to deliver a mixed-use precinct in Sydney’s Darling Harbour, estimated to have an end value of over $2 billion.
NRW acquires Fredon Industries in $200M takeover deal
Perth-based construction and mining contractor NRW Holdings will acquire engineering company Fredon Industries in a $200 million takeover bid.
Victoria greenlights Woolnorth Renewables 400MW wind farm
Woolnorth Renewables has won approval for its 400-megawatt wind farm in Victoria's south-west, the third-largest wind project approved by the state in the past decade.
Ki Corporation, Public Storage pull $2.2B offer for Abacus Storage King
A consortium of Ki Corporation and New York Stock Exchange-listed Public Storage has pulled a $2.2 billion offer to acquire Abacus Storage Kings.
Fight over IGA challenge to Shepparton supermarket decision goes to High Court
The High Court has been asked to clarify the jurisdictional reach of the Victoria Supreme Court to hear planning disputes, in a spat between the state and supermarket operator IGA.
Mitsui sues Kipper gas field partners Esso, Woodside over $300M tax bill
Japan-based Mitsui has sued Esso Australia and Woodside Energy, its partners in the Kipper gas field in the Bass Strait, disputing their claims that it owes $298 million in taxes and alleging it overpaid fees to the tune of $20.3 million.
ConnectEast can’t have restitutionary interest against CityLink after $51M judgment
Eastlink operator ConnectEast has lost its bid for restitutionary interest after a judge found CityLink's operator overcharged tens of millions of dollars in toll roaming fees.
Adina owes Trenerry’s West End $2.3M for terminating Melbourne hotel lease
A judge has ordered Adina West Melbourne to pay $2.3 million to Trenerry's West End LandCo, including $1 million in unpaid rent, despite finding COVID-19 lockdowns were a force majeure event under the lease.
Quasar Constructions-linked company must disclose assets to liquidators
An entity associated with James Crawford, the director of defunct Sydney builder Quasar Constructions, has been ordered to disclose all of its assets to the company's liquidators as they look to track down funds from the sale of properties.
Education Department wants claim setoff built into Roberts Co DOCA
The Victorian Department of Education is seeking court declarations that under a plan to restructure Roberts Co (VIC) it can set off claims of its own against any brought by the failed builder.
Lease over prime Paddington site not enough to resist Aboriginal land claim: High Court
A lease granted to developer Quarry Street over the site of the abandoned Paddington Bowling Club did not constitute use of the land under Aboriginal land rights legislation, a High Court majority has found.
Snowdon Developments liquidators settle with supplier
Liquidators of collapsed Snowdon Developments have reached a settlement with a building supplier as part of efforts to collect more than $2 million in payments allegedly made when the Melbourne developer was insolvent.
