Construction PRO

Nine-owned Australian property marketplace Domain is weighing up a $2.7 billion cash takeover offer from US-based CoStar Group, which snapped up a 16.9 per cent share in the company on Thursday.

ASX-listed Stockland has secured two new logistics deals with global investment firm KKR and property investor M&G Real Estate worth a total of $800 million. 

The Land and Environment Court has been persuaded to approve a $30 million mixed-use development in central Rockdale, after initially rejecting the proposal.

A judge has warned the lawyers for the owners of the City Mutual Building in Sydney's CBD about failing to comply with court directions, saying their "inexcusable" delay in providing evidence could not be forgiven just because it was a compulsory acquisition matter.

Melbourne developer Pace Building Group has taken legal action against a contractor for a luxury development in Coburg, disputing a ruling that required it to make $785,494 in progress payments.

John Gorton Developments has been ordered to pay $1 million into court amid a spat with Chase Construction, with a judge noting building policy objectives favoured a 'pay now, fight later' system.

Engineering, construction and management firm Bechtel has been selected as Perth Airport's capital portfolio partner for its $5 billion airport expansion project.

Investment fund Gateway Capital has partnered with two overseas funds to acquire the Connect Central logistics centre in western Sydney, purchasing the property from Brookfield for $330 million. 

Building company Icon is fighting developer Citta’s application to vacate the hearing of its claim to $1.2 million for consulting work on a Victorian state project, rejecting the developer’s claim it was ambushed by a new defence.