A judge has stayed engineering firm Clough’s $54 million cross-claim against its former joint venture partner on the EnergyConnect transmission project, Elecnor, saying the claim must be sent to arbitration.
Turning back to counsel on rising from the bench after an urgent hearing in a dispute between Dexus and the operator of Melbourne airport, Justice James Stevenson told them what his impending retirement would mean.
The date has been set for a court battle over Dexus’ sale of shares in Asia Pacific Airport Corporation, a fight the operator of Melbourne and Launceston airports says needs 10 hearing days.
Brookfield has shed 23.2 per cent of the stapled securities in major coal exporter Dalrymple Bay Infrastructure, but remains the major shareholder, retaining a 26.25 per cent interest in the venture.
Private credit supporting Australian real estate could grow by 80 per cent over the next five years, largely fueled by increased residential development lending, according to forecasting by CBRE.
The NSW government has budgeted $115.5 million for a new logistics precinct in Newcastle, which will be used to store equipment needed for the state’s renewable energy push. The Minns government allocated $115.5 million for the new precinct — located next to the Port of Newcastle at the government-owned former BHP Steelworks’ intergrade site —…
After describing the $836 million project for a new Sydney Fish Market as “an architecturally designed death knell to the NSW seafood industry”, the market operator has mostly lost its application to make Infrastructure NSW hand over 100 project documents.
While parts of the business have been placed in administration, Roberts Co has been selected as development manager and early contractor for a project on Sydney’s Macquarie Street.
Roberts Co will have to pay a $3.2 million payment claim served by subcontractor Sharvain Facades at 7:18pm on a Friday, after a judge found the claim was validly issued that day.
A judge has rejected developer Kaloriziko’s claim that a property deal involving related parties extinguished a $2.12 million liability to a builder in relation to the construction of the ‘Sky Gardens’ residential development in Ryde, NSW.