Construction PRO

A SOP Act adjudicator had power to determine that reasons proffered by a Queensland construction company for withholding payment to a concrete subcontractor were "new reasons" and not properly made, a court has found.

A leading corporate lawyer who advised on the $32 billion acquisition of Sydney Airport has made the jump to Ashurst from Herbert Smith Freehills Kramer.

The National Storage REIT will continue its partnership with Singaporean sovereign wealth fund GIC to invest in a second round of development assets, the ASX-listed trust said Wednesday.

Construction group Roberts Co owes unsecured creditors almost $100 million, a court has been told as administrators secure more time for the builder's founder to pitch a restructuring deal.

Developer Castle Group can move ahead with its purchase of a block of land in south west Sydney, with a court finding that purchasers of off-the-plan lots have no present interest that can defeat Castle’s right. 

Although Meriton's contractor prevailed in a cladding spat over Brisbane's Infinity Tower, the owners corporation's arguments were not at all stages "without merit", a QCAT member has said in declining to award the builder its costs.

The federal government has taken steps towards granting feasibility licenses for two offshore wind farm projects in Western Australia.

Real estate debt asset manager Madigan Capital has closed a $625 million loan to fund the development of a 580,000sqm industrial estate in Western Sydney.

Investors who alleges they were misled about a Melbourne apartment development have reached a $2.5 million settlement in class action proceedings.

A judge has said that asset preservation orders are likely warranted against the former head of collapsed builder Quasar Constructions, after its liquidator revealed he sold $24 million in property interests shortly before the company went under, but found he did not have power to make the orders.