Iberdrola expands renewables portfolio with Ararat wind farm acquisition

Swiss-based investment firm Partners Group has exited the Australian wind market, selling its stake in a 242-megawatt wind farm in Victoria to Spanish energy company Iberdrola.

Victoria pays $650M to acquire Gippsland wind farm

Victoria's State Electricity Commission had paid $650 million for the Delburn wind farm in Gippsland, which is set to power more than 130,000 homes by 2028. 

Australian Retirement Trust invests in Mirvac’s build-to-rent fund

Superannuation fund Australian Retirement Trust has acquired a 48.5 per cent interest in Mirvac's $1.7 billion build-to-rent fund.

ACCC approves Coles supermarket lease acquisitions after divestment

The ACCC has given Coles the green light to acquire two leasehold interests to launch new supermarkets in Melbourne's rapidly developing west after the supermarket giant agreed to divest its ownership and interest in its Kororoit Town Centre site.

Qube sells stake in Beveridge Intermodal Precinct for $100M profit

Logistics giant Qube has shed its interest in a 202-hectare property at Beveridge in Melbourne's north to Hong Kong-based asset manager C Capital for $111 million.

Centuria Office REIT sells Chatswood building for $90M

Centuria Office REIT has sold an office building in Chatswood, NSW for $90 million to a private investor.

Multiplex wins $317M contract to build new Canberra theatre

Multiplex has secured a $317 million contract for the construction of a new lyric theatre in Canberra capable of hosting large-scale theatrical productions.

Acciona, Genus tapped for construction of Western Renewables Link

Energy company AusNet has appointed infrastructure companies Acciona and Genus to build Victoria's 190km Western Renewables Link.

Visual impacts on Sydney Harbour too high, court says in rejecting marina extension

A proposal to expand Sydney Harbour's Woolwich Marina has been knocked back, with a judge finding the development would obstruct views of heritage listed areas. 

Homes Victoria did not overstep with decision on public housing demolition: court

An appeals court has rejected a class action's challenge to a finding that Homes Victoria had a legitimate purpose in deciding to demolish and redevelop public housing towers in Melbourne, despite “lamentable” lack of consultation. 

Insurers lose bid to join MTR, UGL to case over Northwest Rail Link

A group of insurers can't join Northwest Rail Link joint venture partners MTR and UGL to a suit by CPB Contractors and John Holland over a $100 million policy, with a judge saying the joint venture’s interests in the case are commercial rather than legal. 

Falcon Capital liquidators bring case against property developer over $46M loan

The liquidators of Falcon Capital, which is suspected of having misused $450 million in investor funds, have sued a Melbourne property developer, claiming he knowingly assisted Falcon to loan millions in trust money in a “dishonest and fraudulent design”. 

Developer Point Bay wins judge’s recusal from Global Capital case

A judge has recused herself from a case by liquidators for real estate investment firm Global Capital Property Fund against Point Bay Developments, after hearing the corporate regulator's application to wind up the fund.

Liquidators of collapsed developer FSM can’t access Ray White, KWM emails

The liquidators of a defunct developer FSM have lost their bid to access unredacted copies of emails between Ray White Capital and King & Wood Mallesons.

Publisher says harassment claims against JLL exec substantially true

The publisher of The Australian has hit back at a defamation case by a former JLL executive, saying it was substantially true that he fondled a drunk junior female colleague's breast at a strip club. 

Court finds loss on Spring Square project can’t be set off against $2.8M liability

A judge has rejected a bid by the director and general manager of an aluminium windows and doors company to set off a $2.6 million loss from a Spring Square project against a $2.8 million liability.

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