Cromwell Property Group will acquire a 20 per cent stake in Straits Real Estate’s $470 million Australian industrial portfolio.
In a show of the office market’s recovery, GPT Group has reportedly sold 750 Collins Street in Melbourne’s Docklands to a private buyer for $383 million.
Developer Bloc is locked in a dispute with a contractor on the Watervue residential development in Newcastle, who it has accused of carrying out defective piling works.
The NSW Civil and Administrative Tribunal has given the operator of the Ibis Sydney Airport hotel in Mascot another chance to seek a liquor licence, finding a deferred commencement condition did not mean a development consent was not ‘in force’.
The government of Western Australia will not move forward with a planned $1.6 billion redevelopment of the Perth Convention and Exhibition Centre but will instead divert most of its $1.6 billion investment to a hospital infrastructure fund.
AGL has agreed to sell the lion’s share of its equity stake in Tilt Renewables to the Queensland Investment Corporation and Australia’s sovereign wealth fund for $750 million.
The Australian Renewable Energy Agency will invest $45 million into Fortescue’s first-of-its-kind solar innovation hub in Western Australia’s Pilbara region.
Real estate investment fund manager ISPT has sold an 11-storey A-Grade office tower in Parramatta’s CBD for $82 million.
Acciona is facing what it says is a “hopelessly flawed” suit by its construction partner on the troubled East Rockingham waste-to-energy plant over patented equipment used to facilitate waste combustion.
A judge won’t schedule an initial trial on the limitations period in a $150 million coverage spat between insurers and Northwest Rail Link builders CPB Contractors and John Holland.