This Month
Construction shows first signs of HomeBuilder pick-up
‘This is just the start’ of the home-building boom that will last into next year, economists say.
- Michael Bleby
Engineering change as Parramatta office market evolves
A landmark moment has been reached in the construction of the new $300m Engineering Innovation Hub in Parramatta.
- Martin Kelly
Grocon collapse spreads as administration tally rises
Grocon Group Holdings, the parent entity of the construction business run by property scion Daniel Grollo, is among 45 companies added to the growing list of Grocon companies under administration.
- Nick Lenaghan and Larry Schlesinger
Lendlease suffers pandemic hit as only construction improves
Earnings fell at its two biggest development and investment divisions, but the group’s outgoing chief executive believes it is well placed for a rebound.
- Michael Bleby
Oil Search presses ahead on $US3b Alaskan oil project
The Papua New Guinean oil producer still needs to bring in another partner before it will proceed with its Pikka oil project on Alaska’s North Slope.
- Updated
- Angela Macdonald-Smith
- Exclusive
- CIMIC Group
CIMIC hands back $20m in JobKeeper payments
The construction group’s new executive chairman is voluntarily giving money back to the Tax Office to improve CIMIC’s relationship with the federal government, despite a squeeze on its cash flows.
- Jenny Wiggins
Allegro’s Questas nabs Swanson Industries, two more deals
The hydraulics and water brands owner has bolted on three hydraulics services businesses.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
New home construction faces HomeBuilder hangover, migration slump
Total new housing construction is likely to drop by almost one-quarter over the next two years, a key industry body says.
- Michael Bleby
Fletcher Building revives dividend in better signs
Revenues in Australia were off 4 per cent although Laminex, Tradelink and Stramit delivered improved returns.
- Simon Evans
Call of Duty to the office as Activision sets up Melbourne studio
The global games publisher has chased the talent in choosing a new location. Now it wants the talent to choose it.
- Michael Bleby
CIMIC washes hands of Middle East
Australia’s biggest construction company is finally leaving the Middle East after massive financial losses and arrests of former executives alleged to have committed bribery.
- Jenny Wiggins
HomeBuilder delays dampen profit growth at Tamawood
Tamawood chairman Robert Lynch said 2021 interim results would have been stronger “if not for delays in contract signings caused by the introduction of the grant”.
- Larry Schlesinger
Proptech start-up projects big plans from building stimulus
The raft of federal and state government stimulus payments is creating opportunities for companies changing a very traditional business.
- Michael Bleby
Downer EDI restarts dividends, plans capital return
Downer EDI is now almost wholly an urban services contractor and expects to reap the benefits from government spending during the pandemic.
- Jenny Wiggins
Path clears for smaller LNG expansion in PNG
Some political hurdles have been cleared for a major LNG expansion in Papua New Guinea, but there’s some way to go before the $16 billion investment moves ahead.
- Angela Macdonald-Smith
CIMIC back in profit but cash flows crunched
The new team running Australia’s biggest construction group is taking a more cautious approach to recognising profits and project problems.
- Jenny Wiggins
James Hardie goes from pariah to high-flyer
Investors who got on board with James Hardie in the sharemarket meltdown are now sitting pretty.
- Updated
- Simon Evans
Boral hurt by weak apartment construction
CEO Zlatko Todorcevski says there is little sign that the slide in apartment approvals will turn around, even at a time of extremely low interest rates.
- Simon Evans
- Exclusive
- Cladding crisis
Moelis enters cladding rectification game
The investment bank will offer mezzanine financing to fund loans to strata groups to remediate combustible panels on their buildings.
- Michael Bleby
- Exclusive
- Cladding crisis
Cladding’s insurance quandary costs Victoria $7m
Insurers still won’t cover cladding risk and that’s forced Victoria’s government to take out special cover – for its own cladding fix program.
- Michael Bleby
