Construction PRO

Major industrial landlord Centuria Capital and US-based real estate investment manager BGO have joined forces to break into the tightly held Western Sydney industrial land market, buying out 45,000 square metres of warehouse space in an off-market sale. 

Sydney pub the Agincourt Hotel, the home of Club 871 and live entertainment venue The Alley, has been sold to an investor group with plans to refurbish. 

The government has rejected Greenpeace's request to reconsider approval for Woodside’s North West Shelf project extension, paving the way for a final decision that could see the gas field in operation for another 46 years.

Real estate assets manager Dexus has won a court injunction against the forced sale of its shares in the company that operates Melbourne and Launceston Airports after allegations of confidentiality breaches.

Developer Infinity wants to stay a case by liquidators of collapsed developer Crown Group seeking to sell the land for their stalled joint venture for a residential tower in Melbourne’s Southbank.

The prospective developer of the Hyde Park Inn site in Sydney is appealing a decision which rejected its bid to delay a $95 million payment to the NSW Returned Service League to settle the sale. 

A Victorian shopping centre has been ordered to pay back $1.5 million to a company that broke a contract for a $30 million land sale.

The NSW Land and Environment Court has signed off on a land valuation agreed to between real estate investment manager Investa and the Valuer General for the site of the Coca-Cola Place tower in North Sydney.

A judge has found that Victoria's SOP Act is not at odds with the Australian Consumer Law, refusing to set aside a $1.85 million adjudication determination in a dispute over a $38 million contract for a Glen Iris residential development.