Deals

Renewables company Neoen has begun construction on its 179 MW Narrogin wind farm in Western Australia after signing a long-term power purchase agreement with state government-owned Synergy. 

AwareSuper has acquired a 50 per cent stake in a Sydney CBD office tower for around $226 million, forming a new partnership with Hong Kong-based REIT Link.

Transgrid has commenced work on a grid stabalisation project that was fast-tracked by the NSW government as a priority network infrastructure project that's critical for the clean energy transition.

Lendlease has established an investment partnership with Dutch pension fund manager PGGM with an investment capacity of up to $1.1 billion.

Australian private equity firm Next Capital has inked a deal to acquire Fujitsu's Australian data centre business, which includes premium facilities in Sydney, Brisbane, Melbourne and Perth.

The Property Council has called on the federal government to abandon proposed discretionary trust tax changes, arguing the reforms would undermine efforts to meet Australia's 2029 housing targets.

Danish renewables company European Energy has reached financial close on its Mokoan hybrid solar farm and BESS in Victoria, with a non-recourse financing package from Deutsche Bank paving the way for construction to begin on the storage system.

The Queensland government has used special powers to approve a major mixed-used development surrounding the Dreamworld theme park, paving the way for new resorts and residential and commercial developments.

Energy infrastructure company APA Group has won the Australian Energy Regulator's approval for a proposed $213 million expansion of Victoria's South West pipeline, which will help address projected peak-day gas shortfalls from 2029.

One Global Capital's proposed $1.9 billion mixed-use redevelopment at Five Dock in has been declared a state significant development, paving the way for one Sydney's largest urban renewal projects.