Construction PRO

A First Nations elder has defeated a developer's appeal against a local council's decision to reject plans for a $30 million housing estate in Lismore, with a court agreeing the development would adversely impact Aboriginal cultural heritage.

A judge has thrown out a breach of contract case against MercyCare over the purchase of Belrose Care and its Perth properties, finding the aged care provider complied with a deferred payment clause in their deal.

Real estate fund manager Charter Hall has reportedly acquired a 50 per cent stake in Sydney's O'Connell Street precinct from the Abu Dhabi Investment Authority for $500 million.

A funder that unsuccessfully sued the plaintiffs to recover funds advanced for a lawsuit against Transport for NSW over the compulsory acquisition of land for the WestConnex highway project has lodged an appeal.

Lendlease has appointed a new CEO for development, as the company looks to lock down $10 billion in new projects by the end of the financial year.

A banking and finance partner who has advised on major infrastructure projects like Melbourne's Marvel Stadium has made the leap to Thomson Geer from Hamilton Locke. 

Lawsuits against a Chinese real estate investor and his mother involving transactions linked to Sam Fayad's Dyldam Group have been paused pending criminal proceedings against the pair in Hong Kong.

A Victorian construction company is seeking indemnity costs against the company that unsuccessfully pursued a winding-up application against it, as well as a personal costs order against its director.

A court has upheld a three-year time limit attached to a council's development consent for a local distribution centre at a proposed industrial precinct in Tamworth, NSW.

A report released by real estate asset manager Dexus suggests Australia's office market growth is on the upswing after years of stagnation.