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Lendlease has announced its plan for a luxury apartment complex in Sydney, expected to reach an end value of $2.5 billion, after securing land overlooking Hyde Park.
Synergy wins injunction in fight over Adelaide student housing development
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Developer Synergy has won an injunction in a dispute over the construction of a student accommodation in Adelaide, with an appeals court finding the primary judge did not correctly weigh the prejudice to Synergy if it had to pay up to $2 million in guarantees.
No end in sight to climate litigation, experts say
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Companies will continue to face climate-related litigation — including claims over greenwashing, breaches of directors duties and challenges to projects — despite the recent failure of a climate class action.
Macquarie Technology secures $240M Sydney site for new data centre
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Macquarie Technology Group has secured the option to buy a Sydney city site with a $240 million price tag near its existing data centre holding in Macquarie Park.
GemLife scoops up eight projects from Aliria for $218M
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Following a $750 million float earlier this month, luxury retirement resort operator GemLife Communities has completed the first stage of a planned $270 million acquisition of land lease company Aliria’s development portfolio.
Master Builders says Housing Accord goals won’t be met at current pace
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Master Builders Australia has welcomed a reported increase in residential building activity but said the pace needs to quicken to reach the government’s goal of 1.2 million new homes by 2029.
Moderna patent for mRNA vaccine knocked back, for now
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Flu vaccine maker Seqirus has successfully opposed Moderna’s proposed patent for a mRNA vaccine, but an IP Australia delegate said the problems with the patent can be overcome by amendments.
Royal Hotel recruiter accused of flouting FWC order in pregnant worker’s case
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The Fair Work Ombudsman has launched action against a labour hire company for allegedly failing to pay compensation to a pregnant worker sacked from the Royal Hotel Granville.
James Cook University’s profit admission make docs irrelevant in copyright spat: court
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Recruitment agency Intalo Group has lost its latest bid for documents in a copyright infringement case against James Cook University, with a court finding admissions made by the university made the material irrelevant.
Berndale Capital director jailed after admitting to misuse of funds
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A former director of collapsed Melbourne derivatives broker Berndale Capital Securities will spend a year in jail after pleading guilty to offences connected to his misuse of company funds.