Dexus-bloc shareholders in APAC can’t have different lawyers, judge says
The trustee for shareholders that want to retain their Dexus-managed stake in Australia Pacific Airports Corporation can't be separately represented from the selling group, a judge has ruled in a case that pits APAC's investors against each other.
Shinetec says court should not allow $48M ‘windfall’ to The Gosford
Builder Shinetec has argued $48 million paid to the developer of a $185 million project in Sydney by Bank of China under a standby letter of credit was money it lent to the collapsed developer, with a judge seeming to agree the sum would otherwise be a windfall.
Geocon sues developers for $4M over Canberra residential projects
Canberra builder Geocon has brought a lawsuit against the developers of the Aspen and Establishment apartment buildings in Canberra, claiming it is owed $4 million in construction payments.
Developer Sanur loses latest round in saga over historic Subiaco theatre
In the latest chapter of a long-running dispute, a developer has failed in its appeal bid to tear down the historic Subiaco Theatre in Western Australia, despite raising public safety concerns.
Builder dodges winding up bid by creditor after lawyer’s email ‘cast in threatening terms’
A judge has declined a creditor’s bid to wind up Victorian builder Roberts Construction Group, finding that the application relied on a “very modest” debt and involved a solicitor’s email “cast in threatening terms”.
Developers of Richmond property win lease spat with body corporate
The developers of an industrial-chic Melbourne apartment building have won a fight against the building's owners corporation over a lease that allowed Vodafone to store telecommunications equipment on the roof.
GHD Australia faces cross-claims in Hunter Valley crash class action
Engineering firm GHD Australia is the latest company to be pulled into a class action over a bus crash in NSW's Hunter Valley that killed 10 passengers, a court has heard.
Pub baron Adgemis declared bankrupt, court orders properties sequestered
Sydney pub baron Jon Adgemis has been declared bankrupt and his properties have been sequestered, with the Federal Court finding the former KPMG partner owes $1.8 billion to creditors.
Snowy Hydro 2.0 project suffers another costs blowout
Renewables project Snowy Hydro 2.0 has said it will not be able to complete the ambitious infrastructure project within its $12 billion budget, which was previously increased from $2 billion.
Dexus Industria REIT to pay $47.5M for Melbourne warehouses
Real estate investment trust Dexus Industria REIT has agreed to acquire two warehouses in Melbourne’s south-east for a combined price of $47.5 million.
Ashurst advises Snowy Hydro on first BESS offtake deal
Ashurst-represented Snowy Hydro has reached a landmark 15-year virtual tolling agreement with Akaysha Energy for Victoria's Elaine Battery Energy Storage System, the first battery toll pact for the energy company.
Aware Super, Goodman team up on $2B logistics project
Superannuation fund Aware Super is teaming up with Goodman Group on a $2 billion platform that owns three logistics properties in Los Angeles.
ACCC resumes review of Acciona’s bid for East Rockingham waste-to-energy plant
The ACCC has picked up its review into Acciona's bid to acquire the $500 million East Rockingham waste-to-energy project in Western Australia, after hitting pause last month.
Lederer’s takeover offer for Elanor Funds ‘neither fair nor reasonable’: report
Elanor Funds Management's board on Friday unanimously recommended that securityholders reject the takeover offer and provided an expert independent report from Kroll Group that concluded the offer of $0.70 in cash per stapled security undervalued the fund.
Aspen Group buys remaining stages of Wallaroo Shores planned community
Housing developer Aspen Group has paid $14.1 million to acquire the remaining stages of the Wallaroo Shores master planned community in South Australia.
Monadelphous lands $220M in contracts with BHP, Fortescue
Engineering group Monadelphous has won construction contracts valued at $220 million with BHP and Fortescue for mining projects in the Pilbara.
JY Group puts down $318.6M for stake in Bankstown Central shopping centre
Real estate investment manager JY Group has acquired a 50 percent stake in the Bankstown Central shopping centre in Sydney's south-west for $318.6 million.
St Hilliers wins approval for $450M development
St Hilliers unit Thornton Operations has won court approval for a $450 million plan to develop a mixed-use precinct that includes 526 homes, after reaching an agreement with the local council.
Polyaire hit with $15.2M judgment over fire at leased industrial site
Air conditioning wholesaler Polyaire has been ordered to pay $15.2 million in damages in relation to a 2018 fire at a Seven Hills, NSW, factory complex it leased caused by its placement of wooden pallets in a open yard.
Developer Mayfield warns of ‘startling’ consequences from ruling on NSW Ports agreement
Mayfield Developments says the High Court should overturn a finding that NSW Ports was protected by derivative Crown immunity in entering allegedly uncompetitive agreements to privatise two ports, saying the decision could have “startling” consequences such as allowing the state to devise cartel arrangements.
Jon Adgemis declares bankruptcy ahead of Federal Court hearing
On the eve of a Federal Court bankruptcy hearing, Sydney-based publican Jon Adgemis and founder of Public Hospitality Group has declared bankruptcy, days after five of his pubs were placed into receivership.
Developer Villawood sues director over $240M Epping logistics estate
A Melbourne developer has sued its director, alleging that he unlawfully issued himself shares in an industrial estate development in Epping using a “simulated” signature, a claim which the director denies.
Kanadevia Inova hit with another suit over East Rockingham waste-to-energy project
Swiss greentech company Kanadevia Inova has been hit with another suit by the receivers over a contract for the $500 million East Rockingham waste-to-energy plant in Western Australia.
Intrapac unit sues Casey Group for ‘underhand’ real estate transaction
Intrapac unit Brencorp has filed a suit against Casey Group, alleging the rival property developer devised an “underhand” deal to swindle it out of the acquisition of a golf club in southeast Melbourne.
Retirement village’s fee hike a case of ‘double dipping’, says tribunal
A residential land lease community in NSW's Central Coast must repay residents for a fee hike after a tribunal ruled the contractual term providing for the increase involved “double dipping” to account for inflation.
