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 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.
Collapsed Roberts Co Victoria is fighting a bid by a creditor it says should not be allowed to “come out of the woodwork” and take over the winding up application of a company that has since been deregistered.
A Federal Court judge has grilled a lawyer representing an investor that is suing the developers of a Melbourne apartment block over his client’s failure to file evidence for 18 months.
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 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.
Administrator appointments for construction companies leaped 20 per cent in the latest financial year, according to data released by the corporate regulator.
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.
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.
The prospective developer of the Hyde Park Inn in Sydney has dropped its appeal of a decision which disallowed it from delaying a $95 million payment to the NSW Returned Service League.