Lend Lease Sells Aged Care Business in $270M Deal
Australian property developer Lend Lease has sold its 30-facility aged care business to Australian Aged Care Partners
Sectors - Construction
Top Architects Contend to Build Packer's Iconic Sydney Resort
Four world-renowned designers have been shortlisted to build the $1 billion, six-star Crown Sydney resort at Barangaroo that is touted to become a design as iconic as the Sydney Opera House
Australian Construction Industry Builds Workforce
An expected 12.6 per cent growth in the construction industry will result in 131,200 jobs by November 2017 in Australia
Lend Lease to Revitalise Darling Harbour
Lend Lease and the Destination Sydney consortium (which also includes HOSTPLUS, Capella Capital, AEG Ogden and Spotless Group Ltd) will complete various projects along the 20-hectare Darling Harbour precinct
Sydney Olympic Park: A Suburb After the Games
The site of the Sydney Olympic Games in 2000 has been transformed into a functioning suburb bursting with business and residential opportunities
Melbourne Bridge to be Named After Jim Stynes
A bridge name in honour the late AFL legend and youth worker Jim Stynes will be built in Melbourne's Northbank precinct
Sydney Gets a Liquid Makeover
These new buildings feature the same efficiency and affordability qualities of their grid-like predecessors, but to an onlooker, the design is far more striking
Shanghai World Expo: The Book
Capturing the excitement of the 2010 Shanghai World Expo in a newly launched book
Calling All US Tradies: There's Work in Australia
Under a new agreement implemented by the Federal Government, 457 visa applicants will have an opportunity to complete a skills assessment prior to arriving in Australia in order to expedite their visa processing.
The 'Coat Hanger' Turns 80
Eighty years ago today, my favourite Australian testament to strength - the Sydney Harbour Bridge - opened to the public
Second Olympic Residence to Break Ground in Sydney
More Sydneysiders will have a chance reside at the original site of the 2000 Sydney Olympics
Asia Pacific: a hot region for international hotel expansion
While the rest of the world continues to recover from decreased tourism, one region's travel market is on the rise -and struggling to keep up with the demand
Leighton Chairman and CEO Abruptly Step Down
Leighton Holding's Chairman David Mortimer and CEO David Stewart have abruptly stepped down from their posts with immediate effect
James Hardie Profit Plummets 99%
Building materials group James Hardie made a mere US$1 million for the three months to June 30, citing a weak US housing marketing and an increasingly escalating Australian dollar
Transurban Shares Drop as Canadian Pension Plan Exits
Canadian Pension Plan Investment Board is selling its stake in Transurban for $903 million, just over a year after Transurban rejected a $7.2 billion takeover bid
Weak US Housing Market Crushes James Hardie
James Hardie reports a net loss of US$347 million for the year ended March 31, due to weak market conditions and rising costs
Crown Casino to Get $100 Million Expansion
An estimated $90 million will reportedly be invested in James Packer's Crown Casino in Melbourne to attract younger clientele
Ian Blackburne to Retire from CSR Board
CSR Chairman Ian Blackburne will retire, following the successful sale of Sucrogen to Wilmar
Delta Airlines Terminal at JFK Airport Gets Makeover from Lend Lease
Lend Lease is continuing to expand its pipeline of construction and infrastructure projects, now securing a A$167 million contract for Delta Airlines for the 255,000 square feet expansion and renovation at the John F Kennedy Airport in New York....
WesTrac Profits Up 44% as It Distributes More Caterpillar to Miners
Yet another industry is benefitting from the booming mining industry. As mining companies like BHP and Rio Tinto continue to ramp up production, the need for earthmoving equipment is on the rise, too. Earthmoving distributor WesTrac has reported $131 million...
Global Asphalt Market to Reach 118.4 Million Metric Tons by 2015
According to Global Industry Analysts Inc., a rebound in the construction sector, global GDP growth and the continued rise in emerging markets across the Asia-Pacific region is expected to enable the asphalt market to register growth to 118.4 million metric tons by 2015.
Crane Group Builds a Wall Against Fletcher Building Bid
The board of building and industrial products company Crane Group today wrote to its shareholders, advising them that the takeover offer from New Zealand’s Fletcher Building is inadequate. The New Zealand building materials group, Fletcher Building, announced on December...
Spotless, Leighton Consortium Wins Bid for Royal Adelaide Hospital Build
The South Australian Government has selected a consortium comprised of Leighton Contractors, Hansen Yuncken, Macquarie Capital Group and Spotless to construct the Royal Adelaide Hospital (NRAH).
City Link to Replace Perth's Entertainment Centre Following Demolition
Demolition of the Perth Entertainment Centre will begin in early 2011 so that the Western Australia government can finally connect the city center to the Northbridge entertainment precinct.
Stockland Acquires Its Biggest Land Transaction to Date
Stockland has secured a $4 billion, 1,121 hectare land parcel outside of Melbourne, making it the company’s largest ever individual land transaction.
Queensland is $2.3 Billion Richer Thanks to Port of Brisbane Sale
In an effort to privatize its assets, the Queensland Government sold the Port of Brisbane for $2.3 billion to the Q Port Holdings Consortium made up of Global Infrastructure Partners, Industry Funds Management and funds managed by QIC Limited, who will each hold equal stakes of 27 percent.
Construction Numbers Continue to Slump
Activity in across all sectors of the construction industry continued to fall for the fourth straight month in September, according to the Australian Industry Group’s Performance of Construction Index (Australian PCI) in conjunction with the Housing Industry Association. The...
Transfield Scores over $1 Billion in New Work
Engineering services firm Transfield Services has secured over $1 billion of work during the first financial quarter of the fiscal year, the company announced Tuesday. Nearly $670 million of the work was secured with existing clients, including Brisbane City...
Delta Air and Virgin Blue Won't Fly Together
The U.S. Department of Transportation (DOT) plans to deny Australian airline Virgin Blue Group and U.S. based airline Delta Air Lines antitrust immunity for the Trans Pacific Route. The antitrust immunity between the international airlines would enable each to work closely throughout international affairs.
Mortgage sales climb 11 percent nationwide in August
Mortgage sales in August climbed by 10.9 percent according to Australian Financial Group (AFG), Australia’s largest mortgage broker. AFG Mortgage Index shows 6,269 homes were sold across the country in August, up from 5,698 home sales in July due...
UGL Limited: Driving diversity as it expands globally
Train manufacturer and engineering firm UGL announced that it is committed to driving diversity across the organization as it makes changes to its board renewal plan. UGL Chairman Trevor Rowe said that as UGL continues to expand into international...
Centro Properties reports major losses
Centro Properties Group reported a full-year net loss of $652.7 million. The shopping mall operator said that underlying profit fell to 24.2 percent to $173.8 million, compared to $229.2 million for the previous corresponding period. Centro Chief Executive Officer...
Emeco: Reports annual loss due to global restructuring
Earthmoving equipment supplier Emeco Holdings reported an operating net profit post tax of $41.1 million for FY10, down $49.3 million, reflecting impairment and one?off restructuring charges associated with business closure and restructuring activities across Europe, USA and Australia.
Prime Infra: Accepts Brookfield's merger proposal
Prime Infrastructure announced Monday that it has entered into a definitive merger agreement with Brookfield Infrastructure Partners for A$1.6 billion, increasing Brookfield's ownership of Prime from 40 percent to 100 percent to create “a leading global infrastructure company.” Under the...
Intoll grants CPPIB additional week to make decision
Toll road operator Intoll Group said Thursday that it would extend the due diligence period for Canada Pension Plan Investment Board’s (CPPIB) proposed $3.5 billion takeover bid.
Watpac Secures Contract for MCA Redevelopment
Civil contractor and construction firm Watpac has secured a contract for the refurbishment and construction for the $53 million Museum of Contemporary Art redevelopment (MCA) in Sydney.
Australand on track for growth in all divisions
Australand Property Group announced its half year results Tuesday, reporting an operating after-tax profit of $60.4 million for six months ending June 30.
Emeco to divest Victorian rental business
Heavy equipment company Emeco said in a statement Tuesday that it has completed a six month strategic review of its business portfolio, with the outcome being that it will deliver sustainable and growing investment returns for its shareholders in the future.
Boral to raise $500 million for company restructure
After completing a six month review, Boral Limited announced it will seek to raise $490 million to support future capital investments and growth. As part of the capital raising, the building materials group said it would acquire the remaining...
Leighton Holdings wins two major projects in India
Construction giant Leighton Holdings announced Wednesday it has won nearly A$630 million worth of projects in India.
Leighton will build the Chenani – Nashri tunnel in Jammu, Northern India and widen the Vizag Port along with Indian mining company Sterlite.
Seven Group to invest in Chinese bank IPO
Seven Group Holdings Limited today announced it will become an investor in the Agricultural Bank of China’s forthcoming initial public offering in Hong Kong and Shanghai.
Transurban: Falls extremely short on retail offer
Tollroad operator Transurban Group announced last week that it could not sell 27.75 million securities at A$4.60 under its retail entitlement offer.
National Hire: Purchases Monash business
Australian equipment hire company National Hire Group announced Wednesday the acquisition of the Monash Hire business. National Hire subsidiary Coates Hire will fund the acquisition from existing cash reserves for an undisclosed sum. Completion is expected on June 4....
Construction sector expands in April
For a second straight month, activity in the construction sector expanded in April. A survey from the Australian Industry (Ai) Group-Housing Industry Association (HIA) reports the activity was boosted by the construction of new apartments.
Small Is Beautiful
HP Mini 311:
Kane Constructions Pty Ltd: Superior service
Kane Constructions Pty Ltd is one of the leading innovators in the Australian market. Located in Victoria, New South Wales and Queensland, it succeeds in designing and building elaborate and functional spaces for all sectors of the market.
Edna May Gold Mine construction ahead of schedule in Australia
Catalpa Resources Limited(ASX: CAH), www.westoniamines.com.au the Australian mining outfit that has evolved from gold explorer to gold producer in just 18 months, today announced construction of its second mine, the Edna May Gold
