This Month
BlackRock-backed Akaysha Energy powers up for buyer search
Akaysha’s big ambitions have required big-ticket spending, with the company raising hundreds of millions in debt to finance construction of its batteries.
Two groups are vying to rebuild Gabba precinct ahead of Olympics
The decommissioned Gabba will eventually be replaced with a housing, retail and hospitality precinct after the 2032 Olympic Games.
$52b needed to build Asia-Pacific digital hub: Deloitte
Money from private investors and government corporations will be needed to build more data centres, clean energy supplies, sub-sea cables and water utilities, the consultant says.
Reece pushes 36pc price rise on plastic pipes in building cost shock
The bathroom and plumbing giant is one of several construction materials suppliers warning that the war in the Middle East is forcing big cost increases.
Labor’s data centre rules spur fears billions could flow elsewhere
Operators of the infrastructure needed for artificial intelligence and cloud computing are worried the expectations are too vague and could push investors away.
Iran fuel crisis points to higher construction, home building costs
Energy prices and the cost of freight have soared since the conflict in the Middle East, leaving building materials companies scrambling to pass on the bill.
SGH appoints insider to lead Boral after Bansal-led transformation
Vik Bansal, who ran the concrete and asphalt division since late 2022, says he achieved everything he set out to do in getting the business into better shape.
Data centre start-up WinDC launches monster $176m Series A raise
Trident Debt Capital Advisors and Utiliti Group have been appointed as corporate advisers.
Future Fund tiptoes around $4b Victorian land registry sell-down
The $267 billion sovereign wealth fund has considered forming a consortium with trans-Tasman investor Morrison but there is no certainty a bid will eventuate.
Super-fast trains, Melbourne rail loop added to ‘priority’ list
The Albanese government’s controversial Newcastle-Sydney high-speed rail proposal has been added to Infrastructure Australia’s new list of national priority projects.
Political pet projects become a balancing act
Infrastructure Australia’s priority list promises an independent assessment of merit but contains plenty of politics with a capital P.
Former Macquarie executive says her fraud concerns were ignored
Ronalee Balog claims she was later illegally sacked despite being on maternity leave amid a souring relationship with her seniors at the asset management giant.
Brookfield shops $500m-a-year portable building giant Ausco Modular
Ausco is one of the biggest players in portable buildings in Australia. It’s hit the auction block as its London-based parent tries to lower debt levels.
Atlas Arteria’s M&A ambitions risk shareholder showdown
Shareholders want management to keep to its knitting – namely, focusing on the future of its French roads rather than the distraction of new shiny acquisitions
TCorp auditions banks as $3.5b ports giant Flinders preps for sell-down
he NSW government’s investment arm has asked banks for advice on its stake in the South Australian port operator as Foresight prepares a major auction.
IFM Investors wants to pump $10b into Canada
Canadian PM Mark Carney has shown “a real willingness to welcome inbound, like-minded capital”, says IFM’s global head of infrastructure, Kyle Mangini.
February
Hong Kong’s metro giant wants to help develop Sydney transport sites
MTR Corporation chief executive Jeny Yeung says running public transit systems and developing the land around stations makes it easier to be sustainable.
Why the PM’s $93b high-speed rail project will never happen
Australia’s track record of delivering infrastructure bodes poorly for the proposed Sydney-Newcastle high-speed rail line.
After Qube, Macquarie AM lines up tilt at $4b Vic land titles rego
Aware Super could end up owning Victoria’s land titles registry with Macquarie Asset Management, should the latter succeed in buying a 50 per cent stake.
Cleanaway external review finds ‘no systemic’ failures despite 8 deaths
Cleanaway has lifted its full-year earnings guidance, even as the waste giant defends its safety record following a string of fatalities.
KKR squares up for a fight at Ausgrid’s $3b smart meters biz
As of Wednesday, KKR was among the suitors most advanced in its preparations for a possible Plus Es sale.
$93b high-speed rail link forecast to hit headwinds
Long tunnels and dodging power utilities near the new Western Sydney airport will create challenges for the proposed fast train from Sydney to Newcastle.
Sydney-Newcastle $93b high-speed rail plan ‘far-fetched’
The assumptions behind the government’s case for a $93 billion high-speed rail line from Newcastle to Sydney have been criticised by a leading academic as unrealistic.
Australia’s first high-speed rail line ‘shovel ready’ in 2028
The Albanese government has pumped in an extra $230 million of funding to design and plan the 194-kilometre high-speed rail line between Sydney and Newcastle.
In pictures: the redevelopment of Crown Melbourne
Melbourne’s Crown will gain more than 15 new restaurants, bars and casual eateries.
