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Group members to get half of $42.25M CIMIC class action settlement
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
Council loses opposition to ‘menacing’ development near Sydney coastal walk
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
Sydney Water accused of misleading conduct in $347M compulsory land acquisition
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
Schiphol ups stake in Brisbane Airport ahead of Olympics
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 steers complex $1B Stockland acquisition of 12 Lendlease communities
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 cops $394,000 penalty for NBN speed testing failures
Telstra has paid a $394,380 penalty for shirking its obligation to check internet speeds when migrating customers to the NBN.
Ultra Tune loses appeal of record $1.5M fine for contempt
Ultra Tune has lost its appeal of a record $1.5 million fine for contempt after it failed to follow a court-ordered compliance program in proceedings brought by the consumer watchdog.
Court rejects ‘trawling exercise’ ahead of Waller Legal negligence trial
The plaintiff in a negligence case against Waller Legal has failed in his last-minute call to vacate the trial to obtain more documents, an exercise a judge said would "make a mockery of the Civil Procedure Act".
Construction PRO
Sydney’s Westpoint Shopping Centre sells for record $900M
Westpoint Shopping Centre in Western Sydney has been sold for $900 million, in Australia's largest individual retail asset transaction.
Construction PRO
Expect more alternative contract models in construction in 2025, new Landers partner says
Alternative contract models are set to shake up the construction and infrastructure sectors in 2025, according to a new construction partner at Lander & Rodgers.