Construction PRO

It lost its bid in the NSW Supreme Court to withhold a payment claim from the builder of a 30-storey project in Sydney pending an appeal, now developer VSD Investments has asked an appeals court to halt payment.

Two former Herbert Smith Freehills partners who specialise in infrastructure law have joined forces to launch  a new legal and advisory firm.

Real estate investment firms Dexus and Ho-Group have convinced the valuer general of NSW to knock roughly $26 million off its initial valuation of a Sydney office sold by Ho-Group last year that was used in a land tax assessment. 

Property giant Mirvac Group is in talks with a potential capital partner for its Harbourside development in Sydney, as it progresses construction on the major waterfront project.

In a "unique approach" to public-private partnerships, Corrs Chambers Westgarth has advised the sponsors and contractors on a landmark project for Australia's first renewable energy zone. 

Directors of a family-run construction company that caused a landslide resulting in a couple's NSW Central Coast home being "effectively worthless" has been ordered to pay over $2 million dollars.

Logistics company Qube wants the High Court to clarify the scope of an adjudicator's role in determining a contractor's payment claims under the SOP Act.

Property investor Harry Stamoulis is reportedly in talks to buy an office tower on Melbourne's Collins Street for $200 million.

Sydney's landmark Crystal Palace Hotel has been sold after 45 years to Feros family-owned JDA Hotels.

Infrastructure and real asset investment firm Stonepeak has entered a deal to acquire a 75 per cent interest in Queensland-based commercial fuel and logistics provider IOR Group.