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Construction PRO
Development manager behind $2.7B STH BNK project owes $100M
Restructuring & Insolvency 2025-02-17 11:38 pm By Julia Kanapathippillai

The development management company behind the $2.7 billion STH BNK project, which was placed in administration last week, owes creditors — including lawyers, consultants and designers — over $100 million.

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Construction PRO
No privilege waiver by Holiday Inn Express developer in claiming damages: court
Appeals 2025-02-17 11:51 pm By Christine Caulfield

The developer of a suite of Holiday Inn Express hotels has succeeded in its appeal of a ruling that laid bare privileged material connected to its lawyers’ bills.

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Construction PRO
Lendlease resolves dispute over $625M land valuation for Sydney CBD plot
Construction 2025-02-17 4:05 pm By Cindy Cameronne

Lendlease has resolved its challenge to a valuation for the site of its $3.1 billion luxury development One Circular Quay, located between the Harbour Bridge and the Sydney Opera House. 

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Construction PRO
BESIX Watpac, Frasers in court over billion-dollar Sydney developments
Construction 2025-02-14 1:49 pm By Cindy Cameronne

BESIX Watpac and Frasers Property are fighting claims they are liable for defects in two residential complexes in the Sydney suburb of Chippendale, including the $2 billion One Central Park towers.

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Construction PRO
Lendlease abandons $10M land claim in fight with Macarthur-Onslow family
Real Estate 2025-02-14 3:11 pm By Cindy Cameronne

Lendlease has abandoned its bid to purchase a parcel of land owned by one of Australia’s oldest families for well below market value as part of its project to develop 6,700 homes in Campbelltown, Sydney.

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Construction PRO
Developer wins stay of judgment debt for builder over $14M Taringa Coles
Construction 2025-02-14 11:23 pm By Andy Sidler

A court has granted a rare stay over a judgment debt to the developer of a Taringa Coles shopping centre, finding if final judgment comes down in its favour, financially troubled builder Kenik may not be able to repay the funds. 

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Construction PRO
Stockland sues Probuild over Perth shopping centre sinkhole
Construction 2025-02-13 4:11 pm By Andy Sidler

Major developer Stockland has filed proceedings against Probuild Constructions over alleged faulty works completed on a stormwater system in a Rockingham shopping centre.

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Construction PRO
Developer owes financier after using tax refund for $23M Sydney home: court
Real Estate 2025-02-12 11:50 pm By Cindy Cameronne

A developer is on the hook for $2.6 million after a court found he misappropriated a tax refund associated with a scheme to develop property in Spring Farm, NSW and put it towards a luxury Sydney home in his wife’s name. 

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Construction PRO
Queensland developer defeats claims over Jimboomba property
Construction 2025-02-12 11:23 pm By Andy Sidler

Gold Coast developer FW Estate has defeated a lawsuit alleging a development in Jimboomba was the product of a joint venture.

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Construction PRO
Judge allows tweaks in case against CBA, Westpac over financing for Perth development
Construction 2025-02-11 11:54 pm By Andy Sidler

A guarantor of developer Westgem Investments can amend her claim against Westpac and the Commonwealth Bank related to the financing for a commercial development in Perth’s Raine Square.

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