Construction PRO

Amid a dispute over a $52 million mixed-use project in Melbourne, builder LU Simon has secured a court's approval to pay the developer cash equivalent to two bank guarantees in exchange for return of the security.

The defendants in Lendlease's lawsuit over combustible cladding used on its $107 million EXO residential apartment block in Melbourne's Docklands have pointed the finger at one another six months out from trial in the long-running proceedings.

A Sydney developer has been slapped with orders preventing it from selling the ‘Honeycomb Terraces’ in order to preserve the funds available to the owners corporation, which is seeking damages over defects at the allegedly contaminated site.

An adjudicator’s finding that it had no jurisdiction to rule on a payment claim in a dispute over a Sydney development was a binding determination under SOPA, an appeals court has said in upholding a decision that a builder’s pursuit of a second, favourable adjudication was an abuse of process.

Dexus has halved the number of documents it claims are shielded by legal privilege from production to fellow owners of airport operator APAC ahead of trial over an alleged breach of a shareholder deed, a court heard Monday.

NVIDIA-backed start-up Firmus has secured a record $14 billion debt facility led by Blackstone to speed the rollout of critical AI infrastructure in Australia.

An Acciona-led consortium has won a contract to design and deliver major works to speed rail transport between Brisbane and the Gold Coast in anticipation of heightened demand during the 2032 Brisbane Olympics.

The state of Victoria has given fast-track approval to two battery energy storage systems, the latest renewable projects expedited through the state's Development Facilitation Program.

The High Court has declined to grant special leave to a prefab home builder that was hit with $500,000 in damages for engaging in misleading and deceptive conduct by convincing a couple to vary their contract to allow the use of cladding they had previously rejected.

Star Entertainment has come up short in its $4 million case against Buildcorp Group over alleged defective construction and refurbishment work on the gambling giant's Sydney casino.