Deals

The federal government has pledged to invest $1 billion to build a rail link between Leppington and the new Bradfield Metro station in Sydney's south west.

Struggling casino operator The Star is in talks with investment manager Salter Brothers on a potential $940 million refinancing of all of its debt.

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.