Property developer Third.i has announced it will partner with Dexus on the development of a $300 million luxury retirement community in Newcastle, NSW. Third.i has entered into a joint venture agreement with Dexus Real Estate Partnership for the 178-unit resort style retirement village at the Merewether Gold Club. “As a joint venture partner, DREP plays…
Developer Australia YMCI has reached an agreement with Parramatta on its application for remediation works at its $5B Ovation Quarter residential complex at Sydney Olympic Park.
Developer VSD Investments has lost an argument for withholding an $8.5 million payment claim from the builder of a 30-storey project in Sydney’s inner west pending the construction company’s appeal.
A judge has dispensed with court rules to allow shopfitter Ramvek to bring a non-compliant summary judgment application against a builder in a payment dispute, saying strict compliance with the rules was at odds with the procedure and policy of the SOPA.
Building materials giant James Hardie has promised it won’t seek foreign exempt listing status and will not de-list from the ASX without the green light from shareholders, following backlash to its $14 billion merger with US home decking provider AZEK.
A South Australian wind farm developer has lost its appeal of ruling ordering it to make a $21 million progress payment to joint venture partners GE Renewable Energy and Elecnor.
The owner of the Callide power station in Queensland, IG Power, has won court approval for a recapitalisation that will see major shareholder Sev.en inject millions to cover its debts.
The High Court has been asked to weigh in on when a court should step in when the machinery governing the entitlement to payments in a contract breaks down, in a dispute between luxury home builder Glenvill and Amcor over asbestos remediation at an industrial site in the Melbourne suburb of Alphington.
Roberts Co NSW is to be acquired by United Arab Emirates builder Arada, a month after the Australian construction business put its Victorian unit in administration.
K&L Gates has hired a White & Case partner with over 25 years of experience on major projects to join its Melbourne office.