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Construction PRO
Lendlease has finalised the $235 million sale of infrastructure investor Capella Capital to Japanese trading company Sojitz Corporation.
Netflix says it was reasonable to make a manager redundant while she was on maternity leave, saying it was part of a restructure and that “ongoing performance issues” meant she was not suitable for a new role.
The plaintiffs in a shareholder class action against Lendlease have lost their bid for further discovery from the builder, with a judge taking a swipe for their “flagrant" failure to meet deadlines.
A judge who was previously the head of class actions at Maurice Blackburn has questioned a bid by Fletcher Building that he recuse himself from presiding over a shareholder case against the construction company.
Group members will receive no less than 50 per cent of a $42.25 million settlement reached in a shareholder class action against engineering firm CIMIC.
Construction PRO
An advertising exec has won the green light to build a two-storey residence on Sydney’s Tamarama headland, despite the council’s concerns that ten stone “cocoon” structures will “loom over” the iconic Bondi to Bronte coastal walk.
Construction PRO
The former owner of 28 hectares of land in Western Sydney has sued Sydney Water, alleging it deliberately sought to prevent the sale of the property on the open market and disputing a $347 million valuation.
Construction PRO
Dutch airport operator Schiphol has upped its shareholding in Brisbane Airport ahead of the 2032 Olympic Games, guaranteeing itself a second board seat.
Construction PRO
Corrs Chambers Westgrath helped get Stockland's complex $1.06 billion acquisition of a dozen masterplanned community from Lendlease over the line late last year.
Telstra has paid a $394,380 penalty for shirking its obligation to check internet speeds when migrating customers to the NBN.