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Lendlease reveals Japanese partners for $2.5B Hyde Park development
Two Japanese real estate giants will partner with Lendlease on its plan to develop a $2.5 billion luxury apartment complex overlooking Sydney’s Hyde Park.
Construction PRO
Carpe Diem acquires boutique Potts Point co-living apartment building
Real estate funds manager Carpe Diem has scooped up the 42-room UME Potts Point co-living apartment block in Sydney’s east.
Olympian sues sporting body for defamation over misconduct sanction
A three-time Olympic figure skater has sued the NSW Ice Skating Association, alleging that a notice it circulated to members regarding a sexual misconduct finding and ban imposed by the US Centre for SafeSport was defamatory.
Construction PRO
Stockland, John Boyd to partner on $3.5B Sydney logistics precinct
Developers Stockland and John Boyd are teaming up to build a $3.5 billion logistics precinct at the site of 18.3-hectare Kogarah golf club near the Sydney Airport.
Construction PRO
Receiver wins court orders over Sydney properties of Dyldam director
A judge has ordered the sales proceeds of Western Sydney properties linked to former Dyldam director Sam Fayad to be paid into court, saying there was an arguable case that the sales were intended to defraud creditors.
Construction PRO
Lifestyle wins stay of VCAT orders finding exit fees unenforceable
Retirement village operator Lifestyle Communities has secured a reprieve from a ruling that found its exit fee policy was unenforceable, but has said it won't spend the funds it collects while the stay is in place.
Construction PRO
iProsperity liquidators pursue Crown for $55M in gambling losses
The liquidators of iProsperity Group want Crown to repay $55 million in company funds they say were gambled away by the real estate funds manager's directors.
Construction PRO
Engineering firm Daracon loses fight to expand NSW quarry
NSW engineering firm Daracon Group has failed to overturn a state independent planning commission’s decision which rejected its plan to expand a hard rock quarry in the Hunter Region.
Bulldogs can’t escape jury trial in second fan abuse case
The Western Bulldogs football club has lost its bid to avoid a jury trial in a second lawsuit by a fan alleging he was sexually abused as a boy by a club volunteer in the 1980s.
Construction PRO
Werribee shopping centre wants AIG, others added to $356M suit against Probuild
The co-owners of the Pacific Werribee shopping centre in Victoria are seeking to join collapsed builder Probuild’s primary insurer AIG and several excess insurers to their case over $356 million in alleged defects.