Citing rising costs of materials and labour, NSW Central Coast builder Clarke Homes has entered voluntary administration, with several building projects incomplete.
Crown has sued Lendlease and a host of other companies that signed off on the use of combustible cladding on the façade of the Metropol in Southbank, which it says resulted in two years of expensive rectification work.
Callide Energy has failed in a courtroom bid to block the sale its partner’s interest in the joint venture for the construction and operation of Queensland’s Callide power station.
Property group Oreana has sold its Kallo Town Centre development for $64.5 million to ASX-listed company Region Group.
Commercial property firm DTZ Worldwide has lost its bid for $243 million in damages related to its acquisition of United Group from UGL Limited over United’s alleged failure to disclose that a key contract was “loss-making”.
Singapore real estate asset manager CapitaLand is still looking for an executive accused of stealing $2.7 million, eight months after securing freezing orders against him, a court has heard.
A state parliament inquiry is underway into the supply of homes in regional Victoria amid a critical housing shortage.
A judge has recused himself on the eve of trial from hearing a dispute between United Petroleum and Perth Airport over a lease and construction agreement, after revealing he had a relationship with one of the petrol chain’s witnesses.
A judge has rejected an “ambitious and novel” freezing order sought by a creditor and former associate of bankrupt Graaf Group founder Gennaro Autore over a $22 million boutique hotel in Potts Point.
A judge hearing a discovery spat in a suit by Rio Tinto unit Energy Resources has slashed two affidavits from the company’s lawyers, calling them “little more than dogmatic statements”.