Deals

Spanish multinational electrical giant Iberdrola has been selected to design and operate the Victoria to New South Wales Interconnector West transmission project, part of the state's pipeline of new energy infrastructure projects.

Mining giant Rio Tinto has put the development of its steel-making decarbonisation technology BioIron on ice, opting instead to invest $35 million into Calix's zero emissions steel technology demonstration plant.

Lendlease has secured $3 billion in new construction work in recent months, the company told investors on Friday.

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.