E30 Building Construction

Constructive tactics pay dividends

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 27 : 12-Feb-15

Australian construction group Leighton Holdings has posted a net profit of $A676.5m for the 2014 calendar year, which is 33 per cent higher than previously. The group expects its net profit for 2015 to be within the range of $A450m and $A520m. Shareholders will receive a final dividend of $A0.53 per share, plus a special dividend of $A0.15 following the sale of the John Holland business for $A1.1bn

CORPORATES
LEIGHTON HOLDINGS LIMITED – ASX LEI, JOHN HOLLAND PTY LTD, HOCHTIEF AG, GRUPO ACS, CHEVRON CORPORATION, AL HABTOOR LEIGHTON GROUP, CITIGROUP PTY LTD, FLEETCO

Packer doesn’t want to share his Crown

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Original article by Jessica Gardner
The Australian Financial Review – Page: 13 & 18 : 9-Feb-15

The Federal Court will be asked to rule on the right to use the Crown brand and logo in a trademark dispute between James Packer and property developer Iwan Sunito. Packer’s Crown Resorts is seeking to have Crown Group Holdings barred from using trademarks such as Crown Apartments, Crown Towers and Crown Resort in marketing its apartment projects. The listed group is undertaking its own apartment project as part of the Crown Sydney hotel and casino development

CORPORATES
CROWN RESORTS LIMITED – ASX CWN, CROWN GROUP HOLDINGS PTY LTD, FEDERAL COURT OF AUSTRALIA, CROWN MELBOURNE LIMITED, ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP, THE STAR, CITY OF SYDNEY, SYDNEY CHRISTIAN WORSHIP CENTRE

Harry’s wild about a $15bn deal

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Original article by Lisa Allen
The Australian – Page: 15 : 27-Jan-15

Real estate development group Meriton Apartments aims to release some 3,000 new units in 2015 and 5,000 in 2016. The projects in the Sydney suburbs of Mascot and Pagewood respectively will be worth $A1bn and $A1.5bn. Founder Harry Triguboff says that if Meriton is divested by him, he could gain up to $A15bn and switch his focus to infrastructure developments such as water reservoirs. He also argues that there is scope for further official cash interest rate reductions by the Reserve Bank of Australia

CORPORATES
MERITON APARTMENTS PTY LTD, RESERVE BANK OF AUSTRALIA, GRANT SAMUEL AND ASSOCIATES PTY LTD, COUNTRY GARDEN HOLDINGS COMPANY LIMITED, IBISWORLD PTY LTD, WOOLWORTHS LIMITED – ASX WOW

Impresario’s Sydney stage

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Original article by Samantha Hutchinson
The Australian Financial Review – Page: 2 : 2-Dec-14

UK-based Ambassador Theatre Group wants a 1,650-seat lyric theatre to be included in the community facilities at the Central Barangaroo development in Sydney. It has proposed to build the theatre in partnership with Providence Equity Partners. Ambassador’s Sir Howard Panter says the lack of sufficient venues in Sydney means the city tends to be bypassed for major theatrical performances

CORPORATES
AMBASSADOR THEATRE GROUP, PROVIDENCE EQUITY PARTNERS INCORPORATED, LEND LEASE GROUP LIMITED – ASX LLC, MIRVAC GROUP – ASX MGR, GROCON PTY LTD, NEW SOUTH WALES. BARANGAROO DELIVERY AUTHORITY, SYDNEY THEATRE COMPANY

Red-hot market means the only way is up for apartments … way up

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Original article by Matthew Cranston, Michael Bleby
The Australian Financial Review – Page: 1 & 10 : 27-Nov-14

A number of residential property developers have proposed to build apartment towers of at least 260 metres in Australia’s major capital cities. AMP Capital and Billbergia plan to construct a 300-metre tower in Brisbane, while Fragrance Group intends to build a 302-metre apartment tower in Melbourne. In Sydney, Mirvac is teaming up with Coombes Property Group to develop a 260-metre apartment tower. The boom in apartment development is in response to factors such as Australia’s growing population and the trend toward inner-city living

CORPORATES
AMP CAPITAL INVESTORS LIMITED, AMP LIMITED – ASX AMP, BILLBERGIA PTY LTD, FRAGRANCE GROUP LIMITED, MIRVAC GROUP – ASX MGR, COOMBES PROPERTY GROUP, ASPIAL CORPORATION LIMITED, UEM SUNRISE BERHAD

Home of fraudster who posed as psychiatrist sold for $3m after Supreme Court order

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Original article by Kate McClymont
The Sydney Morning Herald – Page: 2 : 24-Nov-14

Supreme Court of New South Wales judge Arthur Emmett on 7 November 2014 increased the amount owed to the Chateau Constructions residential building firm by a serial fraudster to $A1.7m-plus. Vitomir Zepinic had counter-sued Chateau when it sought to recover a final payment of $A223,000 in late 2006 for work done on a mansion at Turramurra in Sydney. Zepinic has previously been convicted, but not jailed, for claiming to be a psychiatrist in Queensland and then the UK. The property has now been sold for $A3m-plus by a court-appointed trustee

CORPORATES
CHATEAU CONSTRUCTIONS PTY LTD, SUPREME COURT OF NEW SOUTH WALES, TOOWOOMBA HOSPITAL, LOCAL COURT OF NEW SOUTH WALES, QUEEN MARY UNIVERSITY OF LONDON, NEW SOUTH WALES. CONSUMER, TRADER AND TENANCY TRIBUNAL, COURT OF APPEAL (NEW SOUTH WALES)

Eliza’s crowning glory yours for $15mn

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Original article by Samantha Hutchinson
The Australian Financial Review – Page: 47 : 6-Nov-14

Savills and McGrath are marketing a luxury apartment in the Sydney CBD on behalf of its developer, Ceerose. The 499sq m penthouse comprises three floors of the developer’s Eliza apartment building, which is adjacent to the Sheraton on the Park hotel. The penthouse is expected to fetch at least $A15m, and features four bedrooms, a lap pool, a marble staircase and a private elevator

CORPORATES
CEEROSE CONSTRUCTIONS PTY LTD, SHERATON ON THE PARK, LEND LEASE GROUP LIMITED – ASX LLC, SAVILLS (AUST) HOLDINGS PTY LTD, McGRATH REAL ESTATE PTY LTD, GROCON PTY LTD, COCO REPUBLIC, ARTBANK

Construction sector firms

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Original article by Michael Bleby
The Australian Financial Review – Page: 50 : 21-Oct-14

Master Builders Australia (MBA) has reported that non-residential construction has returned to a growth phase. Its quarterly survey of the construction industry suggests that the turnaround, after more than four years of indicating contraction, is not a temporary trend. The MBA’s commercial construction index rose to 54.4 points in the third quarter of 2014, compared with 49.2 in the previous quarter

CORPORATES
LEND LEASE GROUP LIMITED – ASX LLC, MASTER BUILDERS AUSTRALIA INCORPORATED, HANSEN YUNCKEN PTY LTD, ROYAL ADELAIDE HOSPITAL

Schools brace for surge in enrolments

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Original article by Bethany Hiatt
The West Australian – Page: 11 : 8-Oct-14

Schools in Perth are expected to face a sharp increase in student numbers in coming years due to rising population levels in inner-city suburbs. Development of new housing in established suburbs is driving much of the growth, and Western Australia’s Department of Education has begun to examine ways to address the growing demand for places at the state’s schools

CORPORATES
WESTERN AUSTRALIA. DEPT OF EDUCATION AND TRAINING, WESTERN AUSTRALIA. DEPT OF PLANNING, WESTERN AUSTRALIA. PLANNING COMMISSION

Asian developers say ‘what’s the drama’

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 1 & 50 : 2-Oct-14

Chinese property developers have rejected claims that Asian investors are dominating the Australian residential property market. Country Garden Australia CEO Johnson Zhang said that local developers are competing for residential development sites, so claims that foreign investors are inflating prices are false. He said that the second-hand market offers enough housing for local buyers

CORPORATES
COUNTRY GARDEN HOLDINGS COMPANY LIMITED, SHANGHAI GREENLAND GROUP COMPANY LIMITED, MERITON APARTMENTS PTY LTD, GUANGZHOU R AND F PROPERTIES COMPANY LIMITED, FRAGRANCE GROUP LIMITED, ASPIAL CORPORATION LIMITED, UEM SUNRISE BERHAD, CROWN RESORTS LIMITED – ASX CWN