Deals

Vicinity Centres will pay $400 million to acquire the Eastern Creek Quarter retail precinct in Western Sydney from Frasers Property. 

Fletcher Building has sold a South Australian industrial property to an unnamed investor for $20.05 million.

Alternative investment manager Alceon has launched what could become a multi-billion-dollar data centre investment fund, starting with a strategic $100 million investment in Melbourne-based data centre developer and operator INSITE DC.

McCullough Robertson has lured a partner from Ashurst who has advised the Queensland government on the 2032 Olympic Games.

Charter Hall has signed a deal to take over a Sydney office precinct from Lendlease.

The Albanese government is planning to spend $3.8 billion more on Melbourne's Suburban Rail Loop rapid transit project, one day after it walked away from the completion of the Inland Rail project.

The federal government has scaled back the freight Inland Rail project after a report found the project, which would run Melbourne to Brisbane, would cost $45 billion.

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.