Deals

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.

Firmus has entered a $425 million agreement to be a cornerstone customer of Subco's planned submarine cable system, giving the AI infrastructure company dedicated connectivity between Australia and the US.

Administrators of Bathla Group are continuing talks with the embattled developer's lenders over a short-term loan that will keep the business afloat, and are hopeful a funding package can be secured by Thursday.

Renewable energy company 1414 Degrees has purchased Vast Solar Aurora, securing control of South Australia's Aurora Energy Precinct in the process.

Copenhagen Infrastructure Partners has acquired a hybrid onshore wind and battery energy storage system in North Queensland and locked down $1.7 billion in funding for the project.

Singapore-based Hoi Hup Realty has marked its foray into the Australian property market with the $201.8 million purchase of Four Points by Sheraton in Chippendale, Sydney.

Charter Hall has picked up three industrial and logistics assets in South East Queensland, including an Australia Post distribution centre, for $192.4 million.