Deals

Property developer Ascot Capital has acquired a Queensland industrial portfolio from construction materials company Wagners in a $43 million leaseback deal.

Star Entertainment has finalised the first stage of the sale of its stake in Queen's Wharf Brisbane, disposing of its interest in owner Destination Brisbane Consortium to its Hong Kong joint venture partners.

The Minns government has fast-tracked 15 data centre projects worth $51.9 billion and promised to articulate the values that will guide future decision-making amid concerns about protecting national interests amid the data centre boom. 

Alinta Energy has secured a long-term power purchase agreement with the state of Western Australia for what will be the state's largest wind farm.

With the countdown underway for the 2032 Brisbane Olympics, two architectural firms have been awarded contracts to design centrepiece stadiums for the Games.

The federal and Queensland governments will hand over $2 million to Rio Tinto to support its Boyne aluminium smelter in return for the mining giant investing $7.5 billion in clean energy projects within the state.

Major infrastructure manager Downer Group has signed a five-year $500 million deal to manage Stockland’s suite of operational assets.

Private equity firm Whiteoak has acquired architectural facade supplier Arcadia Consolidated, supporting the company as it implements an accelerated growth plan.

Singapore renewables company Vena Group has signed a $200 million long-term battery storage agreement with Danish energy trading company InCommodities for the Bellambi Heights battery energy storage system in central west New South Wales. 

Family-owned Gallagher Hotel Management has acquired The Oaks Hotel in Sydney's Neutral Bay for $140 million.