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Construction PRO
Frasers Property in $600M logistics JV with Morgan Stanley’s real estate investment arm
Frasers Property Industrial and Morgan Stanley Real Estate Investing have established a 50-50 joint industrial property venture in Australia valued at $600 million.
Construction PRO
Developer can’t claim setoff in spat with Tomkins over $55M Sunshine Coast apartments
An appeal against a ruling that the developer of a $55M Sunshine Coast residential complex could not set off a liquidated damages claim against builder Tomkins' pre-completion payment claim has been thrown out.
Construction PRO
BHP, ACCIONA Energía to explore pumped hydro facility at Mt Arthur site
Mining giant BHP and ACCIONA Energía will investigate if the site of NSW's largest thermal mine is capable of conversion into a pumped hydro energy storage facility.
Barrister’s failure to file tax returns doesn’t warrant lifting suspension stay: tribunal
A stay of a barrister's suspension remains in place despite claims she failed to lodge eight tax returns, with a tribunal saying non-compliance with tax obligations did not necessarily render a lawyer unfit to practice.
Judge ends Keybridge administration, finds company is solvent
After running a successful campaign to remove three board members, major Keybridge shareholder WAM Active has convinced a court to end the investment company's administration after it provided a letter of comfort and offer to fund its debts.
Practical legal training ‘rife with cheating’, lacks rigour, report finds
A survey initiated by NSW Supreme Court Chief Justice Andrew Bell into the state's practical legal training has found the mandatory program, which can cost up to $12,000, lacks academic rigour and is "rife with cheating".
ASIC takes Wiluna Mining to court over $57M capital raising announcement
The corporate regulator has brought enforcement action against Wiluna Mining, accusing the gold mining operation of misleading conduct over a capital raising a month before it went under.
Funder in spat with WestConnex class action applicants can’t dodge costs
That it once had a $100,000 bank cheque is not sufficient evidence to prove a funder behind a class action over the $16 billion WestConnex tunnel can meet a costs order in a feud with the applicants, an appeals court has said.
Construction PRO
Dexus sues SA’s flagship medical institute over unsigned 30-year leases
Real estate landlord Dexus is suing South Australia's medical research insitute for failing to execute on 30-year leases to occupy Adelaide's Australian Bragg Centre, despite "repeated demands".