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Construction PRO
Charter Hall secures major tenants for $850M logistics hub
Real estate fund manager Charter Hall has secured leases for 90 per cent of its $850 million Light Horse logistics hub in Eastern Creek, Western Sydney.
Construction PRO
‘Extremely inconvenient’: Court unhappy with arbitration push in EnergyConnect project spat
In a court fight between engineering firm Clough and its former joint venture partner Elecnor, a judge has questioned Elecnor’s “extremely inconvenient” bid to send Clough’s $54 million cross-claim to arbitration in Singapore.
Construction PRO
MAC Copper accepts $1.6B takeover bid from Harmony Gold
MAC Copper, which operates the Cobar copper mine in NSW, has accepted a $1.6 billion takeover offer from South African-based gold mining company Harmony Gold.
Construction PRO
Surfers Paradise’s Cavill Lane sells to investment firms for $31M
Surfers Paradise's Cavill Lane retail precinct has been sold for $31 million to investment management companies Boston Global and The Property Factory.
ATO whistleblower pleads guilty to secret recording, will avoid jail
Australian Tax Office whistleblower Richard Boyle has pleaded guilty to four charges connected to disclosures he made against his employer, but will avoid jail.
Construction PRO
For Sydney corporate tenants, prime views come with high price tag
Companies can expect to pay 60 per cent more to rent out floors with views in Sydney’s premium office towers, according to a report by commercial real estate broker CBRE.
Construction PRO
Developer wins appeal over deal for NDIS housing
Developer Thousand Hills Property has won an appeal in its fight with LBA Capital over a scuttled property deal for NDIS housing, with an appeals court accepting that LBA repudiated the deal in an email sent by its former director.
Construction PRO
Seizing on ‘Olympic effect’, Centuria sells Queensland properties for $60M
Real estate funds manager Centuria Capital Group has taken advantage of surging investment demand, selling three industrial assets in southern Queensland for an average sales premium of 25 per cent.
Construction PRO
Glencore gets OK to expand Ulan coal mine operations
The NSW government has granted mine operator Glencore permission to run the Ulan coal mine until 2035, allowing for the extraction of an additional 18.8 million tonnes of coal, despite net zero targets on the horizon.
Construction PRO
CSR prevails in appeal over works at $408M Horsley Park industrial development
CSR Building Products has won a legal challenge over a development application at its 52-hectare industrial estate in western Sydney, which has generated sale proceeds of over $408 million to date.