Deals

Dexus has sold a premium Brisbane office building whose tenants include HSF Kramer and Allens to US investment management firm Barings for $700 million. 

Renewable energy company Neoen has won two 15-year contracts in South Australia’s first energy reliability tender and will double the size of its Goyder Battery at its flagship energy hub to fulfill the mandate.

Built has secured a contract to build Defence HQ, an 11-storey building in Adelaide, which will support defence contractors and projects involved in the AUKUS partnership.

The Albanese government is weighing the development of a new large-scale oil refinery in Western Australia amid the Middle East conflict, the first new refinery since the 1960s.

Superannuation fund-owned IFM Investors has purchased four sites in high-growth Melbourne suburbs to develop into a $300 million shopping centre portfolio as part of a partnership with Fawkner Property and Oreana. 

A seasoned energy lawyer who cut his teeth at Norton Rose Australia and US firm Skadden Arps has been appointed general counsel at Firmus, as the AI data centre start-up preps for a $7 billion public float later this year. 

Dexus has surpassed its target of $2 billion in divestments by the end of the current financial year by selling two Sydney office buildings and one in Brisbane for $715 million.

Ark Energy has reached a financial investment decision on its $1.3 billion Richmond Valley solar farm and battery energy storage system in northern New South Wales, clearing the way for construction on the hybrid project.

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.