Today
NSW, developers at loggerheads over infrastructure contributions
Scrapping two new developer levies in NSW would clear the way for at least 50,000 extra homes over five years, according to the property industry.
- Campbell Kwan
Yesterday
Cabal of industry super funds, led by investors, weighed ASX takeover
The ASX is an essential piece of infrastructure, and has a quasi-monopoly position, a description that would fit Sydney Airport, for instance, which went private in a $23.6 billion takeover.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Macquarie readies sale of $450m-a-year Kinetic; seeks 10x multiple
Kinetic recently ruled off a $1.6 billion refinancing which Macquarie reckons puts it in a position to accelerate the decarbonisation of its fleet.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Kerry Stokes ‘cannot cop criticism’
Teal MP Zoe Daniel has accused billionaire Kerry Stokes of anti-democratic behaviour after Seven West Media doubled the cost of printing the AFR. Here’s how the day unfolded.
- Updated
- Gus McCubbing
This Month
- Opinion
- Property development
Housing construction is collapsing around Australia. Here’s why
Developers can charge buyers more, or the costs can come down to make apartment developments viable. It’s clear which is better, Robert Harley writes.
- Robert Harley
Ventia creates careers for people with disabilities
ASX-listed infrastructure services company Ventia has increased the representation rate on some government contracts to 9 per cent.
- Larry Schlesinger
April
QIC, Partners Group eye $2b Global Switch Australia; bids loom
Indicative offers are due May 5 and Global Switch’s owners have instructed UBS to then fast-track the auction’s binding bid stage
- Sarah Thompson, Kanika Sood and Emma Rapaport
AirTrunk’s owners set NBIO deadline for $15b sale
Bidders have been given until the end of May to submit first-round bids, in what will serve as an early gauge of AirTrunk’s much-touted $15 billion price tag.
- Sarah Thompson, Kanika Sood and Emma Rapaport
NSW Land Registry Services’ owners acquire NatWest’s 20pc stake
The deal was completed on Monday and is set to be announced this week.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Barrenjoey pumps bidders for UniSuper’s stake in Aquasure
The desalination plant has predictable cash flows, thanks to its right to collect indexed revenues even if the government doesn’t order any water, a sales flyer says.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- United Arab Emirates
Plenary Group sells 49pc stake to sovereign wealth fund ADQ in $1b deal
Founders and some executives of the infrastructure investor will receive a windfall after getting a cash injection from the Abu Dhabi investment group.
- Jenny Wiggins
Citi MD off to lead Gresham’s infrastructure advisory unit
His deal credits feature some enviable roles, including takeover defence for AusNet Services during its $10.1 billion take-private by a consortium led by Brookfield.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Japan’s Shizen Energy seeks equity backer for Aussie solar play
Make room on the renewables circuit for a new Japanese player, Shizen Energy Group, which has put the feelers out for an equity backer for its first Aussie play.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Commercial real estate
Japan investment in Australian real estate hits $2b record
Japanese investors are tapping Australia’s population growth through commercial property.
- Michael Bleby
AI could ‘break the productivity cycle’ for construction
Engineering firm Aurecon says the developing use of artificial intelligence could supercharge efficiency on big projects.
- Michael Bleby
Green scheme rules hang in balance as 6GW deadline nears
The details of the Capacity Investment Scheme are still being debated just weeks before the first auction for six gigawatts of wind and solar capacity.
- Angela Macdonald-Smith
‘Australians will have to pay more for energy in future’: Alinta CEO
Jeff Dimery called for an honest debate about the costs of the energy transition and said consumers would inevitably have to pay more.
- Angela Macdonald-Smith
Palisade Impact raising $100m for bolt-ons, housing bets
The proceeds would sit within its maiden fund and bring the firm’s dry powder to $230 million. That should be enough for two to three deals.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Origin Energy suitor EIG nabs stakes in three major LNG projects
The private equity group, partly owned by Saudi Aramco, has made three investments in ventures run by Woodside, Chevron and Shell and will open a local office.
- Angela Macdonald-Smith
March
- Updated
- Renewables
AGL, Cannon-Brookes vying for $1b in solar manufacturing grants
SunDrive, backed by the Atlassian billionaire, is among groups including 5B and Tindo who want to use the taxpayer funds to expand local panel production.
- Updated
- Angela Macdonald-Smith and Ben Potter