Construction PRO

Dexus has purchased a 10,000 square metre warehouse in Sydney’s West for $40 million and announced plans to divest office assets in Brisbane.

Cromwell Property Group has said it will cost $200 million to develop an office building in Canberra which will be leased to an unnamed federal government agency.

Administrator appointments for construction companies leaped 20 per cent in the latest financial year, according to data released by the corporate regulator.  

Environmental group Doctors for the Environment has slammed Woodside claim that its $16.5 billion Scarborough gas project will have a “de minimus” environmental impact and argues the company's plan does not allow the regulator to assess its real impact. 

Abacus Storage Kings has a received a $2.2 billion takeover offer from a consortium of Ki Corporation, the family office of South African businessman Nathan Kirsh, and New York Stock Exchange-listed Public Storage, after rejecting a $1.9 billion offer in May.

The prospective developer of the Hyde Park Inn in Sydney has dropped its appeal of a decision which disallowed it from delaying a $95 million payment to the NSW Returned Service League.

A judge has given a liquidator approval to continue with claims at trial against former executives of failed Sydney developer Dyldam after they declared bankruptcy.

Receivers of the $500 million East Rockingham waste-to-energy project will have until the end of September to hash out a plan to maximise creditor returns, as Acciona's wait for approval of its bid to acquire the plant continues.

Lendlease has been chosen to manage real estate investment for Malaysia's biggest public sector superannuation fund, even as it reportedly faces a fight to retain control of investment dollarsfor Australia's super giants.

Atlantic will have to pay its dues to a local council in Western Australia, where it operates a $700 million mining project, with a court rejecting arguments that would allow mining companies to avoid paying rates on land that may produce “considerable profits”.