Deals

AI infrastructure company Firmus has secured OpenAI as an anchor customer, with the ChatGPT owner committing to AI compute capacity from two Malaysian Firmus sites as part of the multi-year partnership.

Macquarie Asset Management has acquired half of Aware Super’s Victorian land registry stake, with law firm Allens advising the superannuation fund on the deal.

A group of Bathla lenders has agreed to provide a short-term lifeline for the embattled residential developer to progress some projects, while other projects will be suspended and 213 employees stood down as of Monday.

Ingenia Communities has rejected a $1.9 billion unsolicited takeover offer from private equity firm Warburg Pincus, saying it undervalues the company.

Sydney residential developer Bathla has accrued debts of $3.4 billion, administrators revealed Friday during a first creditors meeting as discussions with lenders on funding to keep 45 construction projects on track drag on.

Bathla's administrators have yet to reach a deal with the embattled developer's lenders on short-term funding, but money has been found to make partial payments to employees.

Amazon has signed its first standalone battery storage tolling agreement globally, which will support the development of Anza Power's 50 MW/200 MWh battery in Victoria.

Firmus has entered a $425 million agreement to be a cornerstone customer of Subco's planned submarine cable system, giving the AI infrastructure company dedicated connectivity between Australia and the US.

Administrators of Bathla Group are continuing talks with the embattled developer's lenders over a short-term loan that will keep the business afloat, and are hopeful a funding package can be secured by Thursday.

Renewable energy company 1414 Degrees has purchased Vast Solar Aurora, securing control of South Australia's Aurora Energy Precinct in the process.