E30 Building Construction

Lend Lease still busy

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Original article by Michael Bleby
The Australian Financial Review – Page: 34 : 26-Sep-14

Lend Lease gained $A4.94bn worth of construction contracts in 2013. This ranks it first on the Housing Industry Association/Cordell Construction list of the nation’s 100 largest contractors. Thiess and Brookfield Multiplex rounded out the top three, with $A2.88bn and $A2.51bn worth of contracts respectively. Multi-dwelling residential projects accounted for 20.7 per cent of contracts awarded to top 100 companies in 2013

CORPORATES
LEND LEASE GROUP LIMITED – ASX LLC, HOUSING INDUSTRY ASSOCIATION LIMITED, CORDELL BUILDING INFORMATION SERVICES, THIESS PTY LTD, LEIGHTON HOLDINGS LIMITED – ASX LEI, BROOKFIELD MULTIPLEX LIMITED, BGC (AUSTRALIA) PTY LTD, LEIGHTON CONTRACTORS PTY LTD, ABIGROUP LIMITED, BAULDERSTONE PTY LTD, MERITON APARTMENTS PTY LTD, PARKVIEW GROUP, ICON CONSTRUCTION AUSTRALIA PTY LTD

Apartment boom crowns Triguboff

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Original article by Michael Bleby
The Australian Financial Review – Page: 42 : 25-Sep-14

Meriton Group displaced BGC as Australia’s largest residential builder in 2013-14. according to the Housing Institute of Australia-Colorbond Housing 100 report. Meriton boasted 7,929 housing starts for the financial year, compared with 5,004 for BCG. The nation’s 100 largest home builders collectively boasted 66,764 housing starts in 2013-14, with apartments accounting for 24 per cent of dwelling commencements

CORPORATES
MERITON APARTMENTS PTY LTD, BGC (AUSTRALIA) PTY LTD, HOUSING INDUSTRY ASSOCIATION LIMITED, ALCOCK/BROWN-NEAVES GROUP, METRICON HOMES, SIMONDS HOMES GROUP LIMITED, HENLEY PROPERTIES, JWH GROUP PTY LTD, HOTONDO HOMES, MASTERTON HOMES PTY LTD, BROOKFIELD MULTIPLEX LIMITED, LU SIMON PTY LTD, AUSTRALIAN BUREAU OF STATISTICS, BEECHWOOD HOMES PTY LTD, AVELING HOMES PTY LTD, NICHE LIVING PTY LTD, HOME AUSTRALIA PTY LTD, METRO PROPERTY DEVELOPMENT PTY LTD, JAXON CONSTRUCTIONS, DIPLOMA GROUP LIMITED – ASX DGX, CAVALIER CORPORATION LIMITED, CAPITAL WORKS CONSTRUCTIONS PTY LTD, BOLD PROPERTIES, SOUTHERN VALE HOMES, ADENBROOK HOMES PTY LTD, ESSENTIAL FIRST CHOICE HOMES PTY LTD, J L FITENI HOMES PTY LTD, BOTANIC HOMES PTY LTD, MEGARA CONSTRUCTIONS PTY LTD, NOSTRA HOMES AND DEVELOPMENTS PTY LTD

Residents slam church’s ‘unforgivable’ deal

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Original article by Clay Lucas
The Age – Page: 10 : 24-Sep-14

The Uniting Church has been criticised for its deal with Leighton Properties for the development of a site in Lonsdale Street in central Melbourne. The Princess Mary Club will be demolished for the construction of an office tower. The heritage-listed building was erected in 1926 funded by philanthropic donations. The deal also involves the revamp of the Wesley Church and surrounding buildings

CORPORATES
LEIGHTON PROPERTIES PTY LTD, LEIGHTON HOLDINGS LIMITED – ASX LEI, UNITING CHURCH IN AUSTRALIA, MELBOURNE CITY COUNCIL, VICTORIA. DEPT OF TRANSPORT, PLANNING AND LOCAL INFRASTRUCTURE

Leighton emails: ‘disgusting history of incompetence’

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Original article by Nick McKenzie, Richard Baker
The Australian Financial Review – Page: 1 & 8 : 15-Sep-14

Bribery allegations against former Leighton Holdings employees have been backed by leaked emails. The emails reveal that senior employees planned to make payments to gain work in Iraq. The payments would be disguised by inflating and backdating contracts. The Australian Federal Police will hand a brief on bribery in Iraq to the Commonwealth Director of Public Prosecutions by early 2015

CORPORATES
LEIGHTON HOLDINGS LIMITED – ASX LEI, AUSTRALIAN FEDERAL POLICE, AUSTRALIA. DIRECTOR OF PUBLIC PROSECUTIONS, LEIGHTON OFFSHORE PTE LTD, UNAOIL GROUP, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AL HABTOOR LEIGHTON GROUP

Big projects could be hiding phoenix scams

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Original article by Aaron Patrick, Nick McKenzie
The Australian Financial Review – Page: 1 & 8 : 25-Aug-14

Construction is one of the sectors said to be plagued by contractors deliberately letting businesses fail only to resurrect them in a "phoenix" move, designed to avoid taxation and employee entitlement liabilities. The Australian Taxation Office, Australian Securities & Investments Commission and Fair Work Building & Construction have announced they will look into the issue at eight of the nation’s major infrastructure developments. The Australian Federal Police will then hand an evidence brief to the Commonwealth Director of Public Prosecutions

CORPORATES
AUSTRALIAN TAXATION OFFICE, AUSTRALIA. OFFICE OF THE FAIR WORK BUILDING INDUSTRY INSPECTORATE, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIAN FEDERAL POLICE, AUSTRALIA. DIRECTOR OF PUBLIC PROSECUTIONS, LEND LEASE GROUP LIMITED – ASX LLC, AUSTRALIA. ROYAL COMMISSION INTO TRADE UNION GOVERNANCE AND CORRUPTION, PRICEWATERHOUSECOOPERS, NATIONAL PARTY OF AUSTRALIA

Lend Lease victory in Barangaroo union fight

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Original article by Greg Brown|Sarah Danckert
The Australian – Page: 23 : 25-Jul-14

Australia’s Fair Work Commission has banned workers at Lend Lease Group’s Barangaroo South project in Sydney from engaging in unlawful strike action for three months. Some 1,000 members of the Construction, Forestry, Mining & Energy Union went on strike on 24 July 2014. The dispute centres on Lend Lease’s decision to stand down a union delegate in March after he raises concerns about safety at the construction site

CORPORATES
LEND LEASE GROUP LIMITED – ASX LLC, AUSTRALIA. FAIR WORK COMMISSION, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, FEDERAL COURT OF AUSTRALIA

Mirvac banks on housing under-supply

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Original article by Samantha Hutchinson|Rebecca Thistleton
The Australian Financial Review – Page: 34 : 25-Jul-14

Some 176,000 new dwellings were added to Australia’s housing market in the last year, but the Housing Industry Association estimates that annual demand is about 190,000. Mirvac CEO Susan Lloyd-Hurwitz expects supply to remain well below demand in the Sydney market, while Sydney lord mayor Clover Moore says affordable housing and transport infrastructure are priorities for the council

CORPORATES
HOUSING INDUSTRY ASSOCIATION LIMITED, MIRVAC GROUP – ASX MGR, SYDNEY CITY COUNCIL, CITY OF SYDNEY, NEW SOUTH WALES. DEPT OF TRANSPORT AND INFRASTRUCTURE

Royal Adelaide to give birth to high school

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Original article by Michael Bleby
The Australian Financial Review – Page: 38 : 16-Jul-14

The South Australian Government will shortly commence a tender process for the redevelopment of the old Royal Adelaide Hospital site. The Government proposes to build a high school on part of the site, and while the existing hospital buildings will be demolished, there have been suggestions that the seven-storey east wing be retained and used by the school. Future uses for 85 per cent of the site have yet to be determined

CORPORATES
ROYAL ADELAIDE HOSPITAL, SOUTH AUSTRALIA. DEPT FOR EDUCATION AND CHILD DEVELOPMENT, SLASH, PHILLIPS/PILKINGTON ARCHITECTS PTY LTD, LIBERAL PARTY OF SOUTH AUSTRALIA, ADELAIDE HIGH SCHOOL, UNIVERSITY OF ADELAIDE

The $2500 house deposit; high-risk mortgages return

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Original article by Nick Lenaghan
The Australian Financial Review – Page: 1 & 6 : 14-Jul-14

The Australian Prudential Regulation Authority has made banks cut the number of mortgages they write that have high loan-to-valuation ratios (LVRs). However smaller and nonbank providers now offer LVRs of as high as 99.375%, causing concern about a situation similar to the sub-prime mortgages crisis in the US in 2007. A new joint venture by home construction businesses BGC and Metricon even advises buyers to rely both on the first-home owners’ grant and a personal loan to raise a 5% deposit, with as little as $A2,500 of their own money. Meanwhile residential real estate prices have risen some 10% during 2013-14

CORPORATES
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, BGC (AUSTRALIA) PTY LTD, METRICON HOMES, HIVE EMPIRE PTY LTD, DIGITAL FINANCE ANALYTICS, RP DATA LIMITED, CORELOGIC AUSTRALIA PTY LTD, RISMARK INTERNATIONAL PTY LTD, RESERVE BANK OF AUSTRALIA, RAMS MORTGAGE CORPORATION LIMITED, WESTPAC BANKING CORPORATION – ASX WBC, THE LOAN COMPANY, MOODY’S INVESTORS SERVICE INCORPORATED, BANK OF ENGLAND

Fresh faces on board in Leighton overhaul

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Original article by Bridget Carter
The Australian – Page: 21 : 11-Jul-14

Construction group Leighton Holdings has appointed Kirstin Ferguson to its board. The company is making major changes to its board and management, following the takeover by Germany’s Hochtief. Russell Chenu and Trevor Gerber have also been recently appointed as independent directors. Changes will be made to board committees and advisory boards to improve corporate governance

CORPORATES
LEIGHTON HOLDINGS LIMITED – ASX LEI, HOCHTIEF AG, GRUPO ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA, SUNWATER PTY LTD, DART ENERGY LIMITED – ASX DTE, THIESS PTY LTD, JOHN HOLLAND PTY LTD, LEIGHTON CONTRACTORS PTY LTD, LEIGHTON PROPERTIES PTY LTD, LEIGHTON ASIA LIMITED