Deals

CIMIC Group subsidiary UGL has been awarded a contract for APA Group's $259 million Sybella Creek Solar Farm and Battery Energy Storage System project in Mount Isa, Queensland.

In a sign of rebounding optimism in the office property sector, real estate investment trust GPT Group has picked up a Brisbane tower in the CBD's Golden Triangle precinct for $380 million.

Funds manager 360 Capital is moving quickly to take control of its investments affected by the $3.4 billion collapse of construction firm Bathla. 

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.