Deals

The Albanese government has launched a program lo award $500 million in grants for green iron projects, in a move to decarbonise one of the world's most carbon-intensive industries.

Australian Retirement Trust, a superannuation fund which manages over $350 billion in retirement savings, will sink nearly $1 billion into a Macquarie fund that's investing in solar, wind and energy storage projects.

Western Australia has introduced legislation that will allow it to fast-track major projects, as it aims for a more "coordinated, strategic" approach to infrastructure and energy transition investments.

Seqwater has revealed the contractors shortlisted to run in a two-horse race to win the contract to design and build the Wyaralong water treatment plant in south east Queensland.

Sydney developer Fortis has snapped up a vacant site in Brisbane for $37.5 million for a planned residential development.

The real estate division of investment bank Macquarie has made its foray into the land lease industry, with a plan to deliver thousands of homes on Australia's east coast through a new platform.

Infrastructure giant Acciona has been given the nod as the construction partner for the Eyre Peninsula desalination plant in South Australia's Port Lincoln, as states ramp up investment in climate-independent water.

Private hospitality group Oscars has paid $30 million for a Lendlease commercial and retail development in the harbour precinct of Barangaroo.

Climate investment firm Wollemi Capital has closed the acquisition of MPower, a transaction that will pave the way for a $100 million pipeline of renewable energy projects.

Retirement village operator Lifestyle Communities has sold a parcel of land at its Ocean Grove site in Victoria for $46.2 million.