This Month
Parramatta boldly stakes its claim as Sydney’s second CBD
The Parramatta Square precinct is firmly positioning itself as Sydney’s second CBD, attracting more than a third of ASX 500 companies to establish a presence in what has become a significant hub for Greater Western Sydney.
Sponsored
by City of Parramatta Council
Brookfield starts $428m sell-down of Dalrymple Bay Infrastructure
Street Talk understands shares in the coal export port were priced at $3.72 – a 7.9 per cent discount to last closing price. Barrenjoey is underwriter.
ARA Group snaps up technology services veteran
ARA has acquired 100 per cent of AWA and its $27 million in revenue, guided by buy-side adviser M&A Partners.
Stake in $2.5b Sydney desalination plant for sale as Canadian fund eyes exit
Ontario Teachers’ Pension Plan is seeking a buyer for its 60 per cent stake in the Sydney Desalination Plant, a core part of the city’s water infrastructure.
The sky is the limit for Parramatta’s global ambition
The phenomenal transformation that has occurred in Parramatta is no accident. It’s happened because people believed in a vision – and took calculated risks to make it a reality.
Sponsored
by City of Parramatta Council
Why feeding the food industry is a part of the Western Sydney growth puzzle
Much of the conversation about the growth of Western Sydney is centred around the need for increased housing and improved infrastructure. But at the heart of why people are increasingly choosing to live, work and play in Western Sydney, is an industry on the periphery of that conversation: food service and entertainment.
Sponsored
by KPMG
Melbourne Airport shops junior debt to fund capex
The notes are structured with a 30-year maturity, with a call date between five and seven years to induce the credit ratings agencies to assign equity credit.
Kevin Gallagher avoids insider trading trial with settlement
Santos boss Kevin Gallagher will no longer be required to testify in the insider trading lawsuit brought by the liquidators of collapsed contractor Forge Group.
Stake in $4b Adelaide Airport hits auction block
The deal could see it valued at close to $4 billion and comes after ownership shake-ups at nearly a dozen Australian airports as falling interest rates lift valuations.
Pemba-backed water advisory biz Sequana makes waves with two bolt-ons
Sequana has snapped up brownfield water and wastewater specialist Atlas Engineering Group and Brisbane-based engineering and construction delivery firm IPS.
May
Why workers are building half as many homes as in the 1970s
While many factors are dragging down construction productivity, a critical contributor is the dominance of very small businesses.
Big sovereign wealth funds eyed stakes in Melbourne Airport
Over a dozen international investors, including Singapore’s sovereign wealth fund, were interested in acquiring stakes, court documents reveal.
Core-plus infrastructure owner Infragreen launches IPO for $220m listing
Infragreen CEO Declan Sherman and chief financial officer Martin McIver are due to present to fund managers after Thursday’s market close.
Dexus wins Melbourne Airport reprieve, says co-investors overreacting
The asset manager will not have to sell its 27 per cent stake in the airport’s owner until the question of whether it breached confidentiality is examined.
James Hardie sounds warning but stands by controversial $14b Azek deal
The company has drawn the ire of shareholders over its buyout of Azek, which relies on a strong renovations market in the United States.
Dexus seeks injunction against warring co-investors at Melbourne Airport
The ASX-listed property group is seeking an injunction against an attempt from its fellow shareholders to trigger a forced sale of its stake in two airports.
Rest Super a potential loser in Dexus’ Melbourne Airport stoush
Retail workers holding pensions with Rest Super stand to lose their exposure to the key infrastructure asset if Dexus is forced to sell its holding.
Dexus’ Melbourne Airport fund investors call in lawyers for battle
Lawyers have been called in to fight what could be a long court battle on behalf of wealthy investors who bought into a special fund holding Melbourne Airport.
Dexus’ Melbourne Airport stake at risk as co-investors cry foul
The $7.8 billion commercial property group could be forced to sell its prized stake in the airport, an asset held in Australian superannuation funds.
IFM Investors scoops up shares in Atlas Arteria, corners 32pc
The trade pushes IFM to 32 per cent ownership in the toll roads owner, up from 26 per cent this time last year.
IFM Investors leads shareholder revolt against Dexus at Melbourne Airport
The IFM-led shareholder group have argued Dexus defaulted on the shareholder agreement, and are expected to seek to claw back its shareholding of up to 27.3 per cent.
Toll road operator Atlas Arteria warns sovereign risk soaring
Privatised motorways around the world are under threat from governments that are reclaiming control and handing them back to taxpayers.
Sanjeev Gupta’s Whyalla port row gives contractor a $113m headache
ASX-listed mining services provider NRW Holdings faces a big hit as the fallout from the February collapse of the South Australian steelworks continues.
Storage giant rejects $1.9b buyout bid in fresh takeover twist
Abacus Storage King, with 210 self-storage sites, used a fresh revaluation of its portfolio to reject a bid led by South African billionaire Nathan Kirsh.
Transurban says it’s end of the road for 7pc of workforce
Transurban boss Michelle Jablko is slashing 300 jobs, becoming the latest infrastructure firm to reduce headcount.
