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Dexus has purchased a 10,000 square metre warehouse in Sydney’s West for $40 million and announced plans to divest office assets in Brisbane.
Cromwell reveals $200M price tag for government agency digs in ACT
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Cromwell Property Group has said it will cost $200 million to develop an office building in Canberra which will be leased to an unnamed federal government agency.
Construction insolvencies jump 20 per cent: report
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Administrator appointments for construction companies leaped 20 per cent in the latest financial year, according to data released by the corporate regulator.
GM loses bid to strike out Holden transmission defects class action
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GM can’t strike out a class action over alleged faulty transmissions in Holden cars, with a judge saying the case doesn’t need to identify the “precise mechanical, metallurgical or engineering explanation” for alleged defects.
Setka hits back at FWO case over alleged coercion of AFL
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Former CFMEU figure John Setka has denied the workplace watchdog’s claims that he tried to coerce the AFL into sacking its head umpire over his previous role at the Australian Building and Construction Commission, saying the union had a legitimate political interest in polemicising against an “anti-unionist” officiating “a working man’s sport”.
$750M climate class action against Murray Darling Basin Authority heads to trial
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A long-running class action against the Murray Darling Basin Authority over alleged negligent water management, including the failure to consider the impacts of climate change, will head to trial next month, just weeks after the court issues judgment in another closely watched climate class action.
Acciona, AECOM added to Hunter Valley bus crash class action
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Builder Acciona and consultant AECOM have been named as defendants in a class action on behalf of families of victims of a bus accident in Hunter Valley, NSW, facing allegations they were responsible for the construction and certification of the interchange where it occurred.
‘Corporate puffery’: Enviro group attacks Woodside plan for $16.5B Scarborough project
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Environmental group Doctors for the Environment has slammed Woodside claim that its $16.5 billion Scarborough gas project will have a “de minimus” environmental impact and argues the company’s plan does not allow the regulator to assess its real impact.
PE fund Goldstone appeals ruling on unfair sacking of director
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A private equity fund is challenging a ruling that it acted in an “oppressive” and “unfairly prejudicial” way towards its managing director, who a judge found was invalidly sacked for standing in the way of a deal with her business partner’s son.
Abacus Storage receives $2.2B takeover bid after shunning earlier offer
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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.