Construction PRO

Electricity provider Rimfire Energy has prevailed in a fight with the builders of two power plants in the Northern Territory, winning $1.4 million in damages for a four-year delay in reaching target operating dates.

A judge has adjourned a creditor's winding up application against Perth-based green hydrogen company Infinite Green Energy, finding the delay could lead to a better outcome for creditors.

Green Critical Minerals has signed a deal with Australian data centre operator GreenSquareDC to develop heat management products with VHD graphite.

A court has ordered builder Kuatro Build to pay concrete subcontractor Elite Formwork more than $500,000 in progress payments for work on a Sydney development, finding no error in an adjudicator's determination.

Santos has secured final approval from the offshore energy regulator for its undersea Barossa gas field, dubbed by an environmental group as a "climate bomb".

Frasers Property Industrial and Morgan Stanley Real Estate Investing have established a 50-50 joint industrial property venture in Australia valued at $600 million.

Retail property investor Region Group has sold the Greystanes Shopping Centre in western Sydney for $76 million.

A court has weighed in on the tax treatment of the proceeds of developed land, finding the landowner did not engage in business-like conduct such that his profits should be considered income.

An appeal against a ruling that the developer of a $55M Sunshine Coast residential complex could not set off a liquidated damages claim against builder Tomkins' pre-completion payment claim has been thrown out.

Mining giant BHP and ACCIONA Energía will investigate if the site of NSW's largest thermal mine is capable of conversion into a pumped hydro energy storage facility.