Woolworths must produce Big W closure strategy docs in row with landlord
A Woolworths entity must hand over documents concerning its plan to close unprofitable Big W stores in a stoush with a Brisbane shopping centre owner over an alleged breach of a 20-year lease.
Qube’s privilege claim in Martinus Rail spat shot down in part
Martinus Rail has won access to some documents produced in a dispute with logistics company Qube over the Moorebank Intermodal Terminal project, despite claims by the logistics company that the material was privileged.
Vicinity, Ipoh win $470,000 from Galeries Shopping Centre tenant
Retail property group Vicinity and GIC's Ipoh have won $470,000 from a former tenant at Sydney's Galeries Shopping Centre to cover unpaid rent, damages and fitout restoration costs.
Wagners sells industrial portfolio to Ascot Capital for $43M
Property developer Ascot Capital has acquired a Queensland industrial portfolio from construction materials company Wagners in a $43 million leaseback deal.
Council wins fight with TfNSW over land acquired for light rail
Parramatta City Council has prevailed in a fight with Transport for NSW over land compulsorily acquired for the state's light rail system, with a judge finding it held a registered interest in the land.
Romeciti appeals $9M SOPA judgment for Watpac over Natura development
Sydney developer Romeciti is challenging a $9.19 million payment adjudication in favour of construction company Watpac in connection with a $450 million high-end residential complex in Macquarie Park.
Development objector has no say after Land Court conciliation: appeals court
A NSW appeals court has found objectors have no right to weigh in on development applications once they reach conciliation in the Land and Environment Court, and that judges don't have to consider all material before the court.
Anthropic explores plans for data centre infrastructure in Australia
Anthropic has confirmed its interest in investing in data centres in Australia after signing a memorandum of understanding with the Albanese government to facilitate collaboration on AI.
Star divests stake in Brisbane’s Queen’s Wharf to Hong Kong partners
Star Entertainment has finalised the first stage of the sale of its stake in Queen's Wharf Brisbane, disposing of its interest in owner Destination Brisbane Consortium to its Hong Kong joint venture partners.
NSW fast-tracks $52B in data centre projects
The Minns government has fast-tracked 15 data centre projects worth $51.9 billion and promised to articulate the values that will guide future decision-making amid concerns about protecting national interests amid the data centre boom.
WA signs power purchase agreement for Alinta wind farm
Alinta Energy has secured a long-term power purchase agreement with the state of Western Australia for what will be the state's largest wind farm.
Two more contracts awarded for Olympic Games stadiums
With the countdown underway for the 2032 Brisbane Olympics, two architectural firms have been awarded contracts to design centrepiece stadiums for the Games.
Rio Tinto gets $2B boost to support Boyne aluminium smelter
The federal and Queensland governments will hand over $2 million to Rio Tinto to support its Boyne aluminium smelter in return for the mining giant investing $7.5 billion in clean energy projects within the state.
Downer, Stockland ink $500M management agreement
Major infrastructure manager Downer Group has signed a five-year $500 million deal to manage Stockland’s suite of operational assets.
Corrs, Hamilton Locke advise on Whiteoak’s acquisition of Arcadia
Private equity firm Whiteoak has acquired architectural facade supplier Arcadia Consolidated, supporting the company as it implements an accelerated growth plan.
Vena Group signs $200M battery storage deal with InCommodities
Singapore renewables company Vena Group has signed a $200 million long-term battery storage agreement with Danish energy trading company InCommodities for the Bellambi Heights battery energy storage system in central west New South Wales.
Gallagher Hotel Management snaps up The Oaks Hotel for $140M
Family-owned Gallagher Hotel Management has acquired The Oaks Hotel in Sydney's Neutral Bay for $140 million.
Bankruptcy trustee for developer Sam Fayad worries $8M loan a ‘sham’
The bankruptcy trustee for Dyldam Developments director Sam Fayad has raised concerns about upcoming sales of property in western Sydney, saying an $8 million loan secured against the real estate may be a "sham".
Ex-ACM head Antony Catalano in row over St Kilda penthouse defects
Former ACM head Antony Catalano and his wife are seeking compensation over alleged defects in the the façade of their $30 million St Kilda penthouse apartment, while attempting to sell the swanky digs for $6 million less than the initial asking price.
Monash College sued for $22M in rent under student housing deal
The operator of the Urbanest student accommodation in Melbourne has sued Monash College for $22.2 million in damages, claiming the university breached a contract over unoccupied bed rent.
Ingenia must repay homeowners after ‘excessive’ rent hike
A tribunal has dealt a blow to ASX-listed residential park owner Ingenia, ordering it to repay 50 per cent of the rent charged to residents at a Queensland park whose rent was raised by more than 26 per cent following a market review.
In blow to class action, judge finds Alucobond cladding could be used safely
A class action has failed to prove 3A Composites and Halifax Vogel misled consumers about allegedly flammable Alucobond cladding, with a judge finding developers and others were responsible for ensuring that it was safely used.
Challenging $10M stamp duty, ISPT says revenue office can’t lump acquisitions
In a hearing on its challenge to $10.6 million in stamp duty tax, ISPT said Monday Victoria's State Revenue Office was not entitled to aggregate two acquisitions that increased its stake in the Fort Street Real Estate Capital Fund to 95 per cent.
Rio Tinto’s Tomago Aluminium fails in challenge to $52M valuation
Rio Tinto's struggling Tomago Aluminium Company has lost a challenge to a $52 million valuation of the land occupied by its Hunter Valley smelter, despite arguing the sum was too high in light of electricity costs and the limited pool of notional buyers.
NewSat faces guillotine order over $10M in security for lenders’ costs
Defunct telecommunication company NewSat has until 7 April to pay security for defence costs in a case against a group of lenders that withdrew financial support for the company's satellite project.
