Deals

NVIDIA-backed start-up Firmus has raised $500 million to drive the next stage of its $6 billion nationwide green AI infrastructure project, Project Southgate.

Hong Kong's Link REIT has reportedly made an offer for a half interest in several shopping centres in Lendlease's retail property fund.

Mirvac is selling the site of the Toombul Shopping Centre in Queensland, which was demolished following the 2022 floods, to local developer Irvine Property Group.

Octopus Australia has reached financial close on its $900 Blind Creek solar farm and battery project in NSW's Southern Tablelands region, clearing the way for construction to begin.

Cromwell Property Group will acquire a 20 per cent stake in Straits Real Estate's $470 million Australian industrial portfolio.

In a show of the office market's recovery, GPT Group has reportedly sold 750 Collins Street in Melbourne's Docklands to a private buyer for $383 million.

The government of Western Australia will not move forward with a planned $1.6 billion redevelopment of the Perth Convention and Exhibition Centre but will instead divert most of its $1.6 billion investment to a hospital infrastructure fund.

AGL has agreed to sell the lion's share of its equity stake in Tilt Renewables to the Queensland Investment Corporation and Australia's sovereign wealth fund for $750 million.

The Australian Renewable Energy Agency will invest $45 million into Fortescue's first-of-its-kind solar innovation hub in Western Australia's Pilbara region.

Real estate investment fund manager ISPT has sold an 11-storey A-Grade office tower in Parramatta's CBD for $82 million.