Construction PRO

Former ACM head Antony Catalano and his wife are seeking compensation over alleged defects in the the façade of their $30 million St Kilda penthouse apartment, while attempting to sell the swanky digs for $6 million less than the initial asking price. 

The operator of the Urbanest student accommodation in Melbourne has sued Monash College for $22.2 million in damages, claiming the university breached a contract over unoccupied bed rent. 

A tribunal has dealt a blow to ASX-listed residential park owner Ingenia, ordering it to repay 50 per cent of the rent charged to residents at a Queensland park whose rent was raised by more than 26 per cent following a market review. 

US-based private equity giant Blackstone has reshuffled the leadership of its Australian real estate arm after head Chris Tynan stepped down for his role following a string of billion-dollar deals.

Jones Day has poached the head of Clayton Utz's construction practice, with the reputable parter to join the US-based firm at a pivotal time for major projects.

MinterEllison has recruited a construction and infrastructure partner with more than 22 years of experience from Pinsent Masons to meet growing client demand for advice on large-scale projects. 

A class action has failed to prove 3A Composites and Halifax Vogel misled consumers about allegedly flammable Alucobond cladding, with a judge finding developers and others were responsible for ensuring that it was safely used. 

In a hearing on its challenge to $10.6 million in stamp duty tax, ISPT said Monday Victoria's State Revenue Office was not entitled to aggregate two acquisitions that increased its stake in the Fort Street Real Estate Capital Fund to 95 per cent.

Rio Tinto's struggling Tomago Aluminium Company has lost a challenge to a $52 million valuation of the land occupied by its Hunter Valley smelter, despite arguing the sum was too high in light of electricity costs and the limited pool of notional buyers.

Defunct telecommunication company NewSat has until 7 April to pay security for defence costs in a case against a group of lenders that withdrew financial support for the company's satellite project.