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Construction PRO
SIXT says airport operator seeking ‘best of both worlds’ in $1.9M rent feud
German car hire company SIXT has attacked the Darwin International airport owner's construction of their lease contract in a $1.9 million spat over the appropriate formula for rent calculations, saying it was trying to have the "best of both worlds".
Construction PRO
Santos must show it can pony up cash to retire Reindeer, court told
Trial in a case by the Wilderness Society challenging Santos' plans for its Reindeer gas field kicked off Tuesday, with counsel for the activist group saying the energy giant needed to show it coud cover decommissioning costs.
Construction PRO
NextDC launches $1B securities offer as data centre growth surges
NextDC has issued a $1 billion wholesale securities offer to finance its growth, as the global data centre business booms on the back of an AI frenzy.
Construction PRO
Builder Impero Group goes into liquidation
Construction company Impero Pacific Group has been placed into liquidation with a reported $21 million in debts.
Construction PRO
Woolworths must produce Big W closure strategy docs in row with landlord
A Woolworths entity must hand over documents concerning its plan to close unprofitable Big W stores in a stoush with a Brisbane shopping centre owner over an alleged breach of a 20-year lease.
Construction PRO
Qube’s privilege claim in Martinus Rail spat shot down in part
Martinus Rail has won access to some documents produced in a dispute with logistics company Qube over the Moorebank Intermodal Terminal project, despite claims by the logistics company that the material was privileged.
Construction PRO
Vicinity, Ipoh win $470,000 from Galeries Shopping Centre tenant
Retail property group Vicinity and GIC's Ipoh have won $470,000 from a former tenant at Sydney's Galeries Shopping Centre to cover unpaid rent, damages and fitout restoration costs.
Construction PRO
Wagners sells industrial portfolio to Ascot Capital for $43M
Property developer Ascot Capital has acquired a Queensland industrial portfolio from construction materials company Wagners in a $43 million leaseback deal.
10-year-old Ford class action goes back up to appeals court
A defects class action against Ford that's been on foot since 2016 is headed to the Full Court again, after a judge recently ruled on two remaining issues in dispute following a High Court ruling on on how reduction in value damages should be calculated.
IP Australia says f*ck yeah to vulgar trade mark
Saying swear words are now part of the common vernacular, IP Australia has cleared a vitamin company's foul- mouthed trademark for registration, on the proviso that the branding is restricted to goods aimed at adults.