Construction

Builder Watpac has lost its bid for a separate hearing on whether a guarantee provided to the developer of Sydney's One Central Park is time-barred, with a judge saying the question should wait until $180 million in defects claims are determined.

Watpac and a consortium that includes a unit of a Chinese government-owned firm are set to compete for a tender to build the controversial Macquarie Point Stadium in Hobart.

Fletcher Building has won approval to sell its construction division to France-based VINCI Construction for NZ$315.6 million.

A Toorak developer has been barred from calling on nearly $500,000 in security, with a court finding an allegation against contractor Kronstruct was “irrational and misconceived" and did not result in the alleged $1.6 million loss. 

The former lawyer for Broken Hill Council, who was ordered to return over $2 million in unauthorised fees, has been socked with a $1 million order for indemnity costs for “exceptional” conduct in a case over his firm's rates.

A dispute between the developer of a luxury Sydney apartment complex and an owners corporation will stay in court, with an appeals court confirming it was preferable to an expert determination. 

Global infrastructure manager Palisade Investments has scooped up a battery energy storage system under construction 50 kilometres from Adelaide, which has already secured a long-term tolling agreement with Origin Energy.

A judge has ordered financier MaxCap to hand over certificates of title for property associated with collapsed developer APH Holding's $320 million Wellington Health precinct in the Melbourne suburb of Box Hill.

Owners and head contractors could be caught out for unexpected payments and lose rights they thought they had, as far-reaching changes to Victoria’s security of payment regime take effect today, a construction expert told Lawyerly. 

Challenging an adjudication decision for Watpac in a dispute over a $450 million residential complex in Macquarie Park, developer Romeciti says the adjudicator had no jurisdiction to permit the builder to access $9.19 million in bank guarantees.