Deals

BHP has reached a $3 billion agreement with BlackRock for the asset manager's Global Infrastructure Partners to take an interest in Western Australia Iron Ore’s inland power network.

Hong Kong-based Far East Consortium has sold a 50 per cent stake in the Ritz-Carlton Perth to Cayman Islands-based Generation Essentials Group for $100 million. 

Law firm Ashurst has advised Newcastle Airport on arrangements for Australia's first guided weapons manufacturing and maintenance facility, to be based at its Astra Aerolab precinct.

National Storage REIT has agreed to a takeover by a consortium of Brookfield Property and GIC Investments that values the self-storage investor at $4 billion.

An AGL-backed consortium has pulled the plug on the 2.5 gigawatt Gippsland Skies offshore wind energy project in Victoria, citing economic concerns.

Chevron Australia and its joint venture partners behind the Gorgon LNG project off the northwest coast of Western Australia have made a final investment decision to begin the third stage of development.

Charter Hall has acquired the Burwood One shopping centre in Melbourne’s east for $210 million, just days after snapping up a triple-supermarket-anchored shopping destination in Queensland. 

Engineering firm CIMIC has sold off half of its transport business, UGL Transport, to a Japanese company for $500 million, as it looks to expand into new markets. 

Law firm Allens is behind the recent sale by Pamoja Capital of a majority stake in UniLodge to Japanese property developer Samty.

Lendlease has sold a stake in a $500 million Melbourne build-to-rent development to Japanese real estate firm Tokyo Tatemono.