Deals

Lendlease has been awarded a major contract for construction on a new National Gallery of Victoria building to showcase contemporary art, which recently received a $100 million philanthropic cash injection.

Star Entertainment has reached an agreement with Hong Kong-based investors Chow Tai Fook Enterprises and Far East Consortium on the $53 million buyout of its stake in the Queen’s Wharf entertainment project in Brisbane. 

In what is believed to be a world first, specialist investment manager Quinbrook Infrastructure Partners has developed an eight-hour energy storage battery, doubling the storage capacity of its current products.

Energy tender firm AEMO has awarded ACEN Australia a contract for its pumped hydro project in the latest competitive tender round as part of the NSW electricity infrastructure roadmap.

R&F Property has sold a 2.99 hectare vacant site in central Melbourne to a local developer, with an approved development plan for over 1,200 dwellings. 

Boral has acquired an independent sand producer with two quarries in south-east Victoria, in a deal that will help the construction materials supplier continue to support Melbourne infrastructure projects. 

Property developer Oreana has added to its Queensland property portfolio, acquiring a 900-hectare masterplanned community from Stockland.

Zenith Energy has signed a $1.9 billion refinancing, in a deal that also provides the remote off-grid power generation company with $1 billion in growth capital to support new projects.

French waste management company Veolia has signed onto a 20-year project to build and operate a recycling facility in Canberra that will process 1.3 million tonnes of household recycling.

Herbert Smith Freehills has helped EnergyAustralia secure financing for its Wooreen Energy Storage System project, paving the way for construction on the Latrobe Valley BESS.