Deals

Renewable energy projects are moving away from rigid, long-term tolling agreements towards more flexible financing structures, according to an Ashurst partner, with lenders warming to new mechanisms like virtual tolling agreements. 

Private toll road operator Atlas Arteria has urged shareholders to reject a $7 billion hostile takeover offer from IFM Investors that allegedly undervalues the company.

Dexus and Boral have entered a joint venture to develop the Ravenhall Logistics precinct in Melbourne's west.

Bunnings owner Wesfarmers has signed a joint venture agreement with Built Group to use Design for Manufacture and Assembly principles to build faster, lower cost residential developments.

Corrs Chambers Westgarth has hired a leading projects partner from Ashurst who has significant experience in advising companies on the energy transition.

The federal government has awarded contracts to 10 new renewable energy projects in Western Australia, which will deliver a combined 1.9 gigawatts of renewable energy and 484 megawatts of battery storage.

Australia has signed a critical minerals agreement with Japan, under which it will invest up to $1.3 billion in critical minerals projects with its Asian ally to help reduce dependence on China.

Piper Alderman has hired a leading real estate partner from Clayton Utz who brings in-demand expertise on renewable energy and large-scale developments to the firm.

Australian data centre platform AirTrunk has announced it will invest $4.2 billion to build two new data centres in Malaysia.

The federal government will spend $45 million over the next four years to develop bilateral agreements with states that will put an end to duplicative environmental approvals.