Construction PRO

Advised by Johnson Winter Slattery, Morrison-managed investment fund Utilities Trust of Australia has bought out a Canadian pension fund for full ownership of the Sydney Desalination Plant.

CIP Group can subpoena Queensland Police, with a judge finding the timing of an ex-business partner's complaints to police may be material to a change of tack in CIP's $30 million suit over a residential development.

Solar developer Green Gold Energy has lost its bid to bifurcate an upcoming trial in its case accusing competitor Trina Solar of misusing its confidential information, with a judge citing the risks of a retrial. 

Retirement village operator Lifestyle Communities will offer a new fee model to existing homeowners following an appeal of a ruling in July that its exit fees were unenforceable.

IG Energy and former subsidiary IG Power -- now owned by Czech investment firm Sev.en -- are fighting over a $3.5 million surplus from the administration of IG's interest in the Callide Power Station in Queensland.

Developer Mirvac has been picked to transform the old Sydney Fish Market site, beating out Lendlease and Stockland Urban as the Infrastructure NSW's preferred bidder.

BHP has reached a $3 billion agreement with BlackRock for the asset manager's Global Infrastructure Partners to take an interest in Western Australia Iron Ore’s inland power network.

Hong Kong-based Far East Consortium has sold a 50 per cent stake in the Ritz-Carlton Perth to Cayman Islands-based Generation Essentials Group for $100 million. 

Commercial real estate group JLL has hit back at former CEO Daniel Kernaghan's unfair dismissal case, saying he was sacked for mishandling a harassment complaint against a manager.

York Property has lost an appeal in a dispute with builder Tomkins over a payment claim for work on a Gold Coast high-rise, with the appeals court declining to set aside an adjudicator's decision that was later cut down to $12.7 million.