Deals

Property management company GPT group and Canadian-owned QuadReal property group have announced a $1 billion logistics joint venture.

Property fund manager CorVal has sold off the balance of the Gold Coast Corporate Centre in Bundall for $109 million, in the city's largest ever office deal.

Lendlease has confirmed it is joint venture talks with the British Monarch's land and property management company to develop a portfolio of projects in the UK.

Rio Tinto has signed a $430 million partnership agreement with Japan's Sumitomo Metal Mining Co. to fast track development of its copper-gold project in Western Australia's Great Sandy Desert.

Ashurst has relocated its Sydney office to 39 Martin Place, creating a work space across eight sprawling floors that features flexible and collaborative work arrangement and dedicated client floors.

Abacus Storage Kings has rejected a $1.9 billion takeover offer from a consortium of Ki Corporation, the family office of South African businessman Nathan Kirsh, and New York Stock Exchange-listed Public Storage.

Explosives company Dyno Nobel has entered into a $194 million contract to divest land on Gibson Island in Brisbane, reportedly selling the site to property investment giant Goodman Group. 

Petrol giant Ampol has announced it is exiting the retail electricity market in Australia and New Zealand, divesting its assets to AGL and Meridian to direct its focus towards electric vehicle charging and renewable fuels. 

Castle Group has acquired a 41.32 hectare landholding in Western Sydney's Austral region for $119.5 million.

NSW has approved 10 renewable energy projects to connect to the state's first renewable energy zone.