Deals

Watpac and a consortium that includes a unit of a Chinese government-owned firm are set to compete for a tender to build the controversial Macquarie Point Stadium in Hobart.

Fletcher Building has won approval to sell its construction division to France-based VINCI Construction for NZ$315.6 million.

Global infrastructure manager Palisade Investments has scooped up a battery energy storage system under construction 50 kilometres from Adelaide, which has already secured a long-term tolling agreement with Origin Energy.

Two groups have been shortlisted for the final tender in stage one of the Melbourne Airport rail project, part of Victoria's ambitious Big Build infrastructure plan.

A unit of Wheaton Previous Metals has entered into an innovative $424 million (US$300 million) agreement that will help fund the construction of KGL Resources' Jervois copper project in the Northern Territory. 

Real estate investor Charter Hall Group has received a $1.2 billion diversified direct property mandate from an institutional client, increasing its assets under management.

Digital infrastructure company Goodman Group is partnering with US data centre operator DataBank to build a 32MW hub in Los Angeles.

NextDC has issued a $1 billion wholesale securities offer to finance its growth, as the global data centre business booms on the back of an AI frenzy.

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.