Construction PRO

The liquidators of real estate investment company Global Capital Property Fund have sued the company’s current and former directors, alleging breaches of fiduciary duties in relation to a Queensland development.

A Sydney developer has launched a bid to opt out as a group member of a combustible cladding class action against 3A Composites and Halifax to bring its own "copy" of the case.

Plumbing company Flowmotion has brought a court application seeking the OK to pursue a payment claim against the Victorian unit of builder Roberts Co, which entered administration five months ago.

A consortium of Ki Corporation and New York Stock Exchange-listed Public Storage has pulled a $2.2 billion offer to acquire Abacus Storage Kings.

Hotelier Mark Barry has sold the iconic Fire House Hotel for a reported $35 million, in the first freehold hotel transaction in North Sydney's CBD in more than 40 years.

Engineering firm Clough Projects Australia is challenging a judge's order staying its $54 million cross-claim against former Energy Connection joint venture partner Elecnor.

Two elections and three different Environment Ministers later, and a heritage application to protect Murujuga rock art from Woodside's activities on the North West Shelf remains undecided -- a delay blasted by a judge as unreasonable and perverse.

Singapore-based developer Maplewood Investments has acquired a 1,398 square metre site in Perth's CBD to develop a premier 835-bed student housing accommodation.

Three companies associated with the sole director of Quasar Constructions have avoided freezing orders sought by the liquidators of the defunct Sydney builder after providing undertakings to not dispose of assets.

The federal government is planning a pause on new construction rules as it aims to speed development of new housing, following feedback from its three-day economic reform roundtable.