Construction PRO

In the first prosecution of its kind, a Queensland property developer has been fined $150,000 for offences relating to a project trust account under the state's security of payment laws.

An appeals court has rejected Dexus' challenge to a finding that it must sell its 50 per cent stake in Sydney’s largest suburban shopping centre to Macquarie Retail, saying its arguments contradicted the “evident commercial purpose” of the contracts at issue.

An appeals court has sided with the state of Victoria on a crucial issue in its case against LU Simon Builders over alleged combustible cladding on Melbourne's Atlantis Towers.

Building façade company Sharvain, which went under last month, owes major builders $54 million, according to a judgment pushing out the date for a creditors meeting.

A judge has allowed Perth Airport to amend its case against sublessee Airservices over alleged groundwater contamination from the use of firefighting foam, finding that allowing the airport to describe PFAS chemicals as "potentially toxic" would not render the case ambiguous.

Cobalt Blue and Japanese conglomerate Iwatani have signed a deal to develop Australia's first cobalt refinery to help meet a supply shortage of the critical mineral, used in lithium ion batteries, caused by the growing demand for electric cars.

Herberts Smith Freehills has bolstered its real estate group, snagging a Corrs Chambers Westgarth partner with expertise in complex real estate transactions.

A Stockland consortium has finalised contracts with the NSW government to lead a major redevelopment of social housing in the inner Sydney suburb of Waterloo.

The state of Victoria can't set aside a liquidator's disclaimer over hazardous waste in a property rented by collapsed marine safety flooring company Fordex, with a judge finding the landlord's rights over the property and waste were not terminated by the disclaimer.

Muffin Break franchisor Foodco has defeated a franchisee's challenge to a ruling that put it on the hook for money owed under a rental agreement after the lease for the store at the Bayside Shopping Centre in Frankston was not renewed.