AXA Investment Managers Alternatives (AXA IM Alts) has announced the acquisition of the Green Triangle Forest Products estate in Australia from US-based Global Forest Partners, in a deal reported to be worth more than A$700 million. The acquisition – AXA’s largest yet in timberland – will...
British billionaire Sanjeev Gupta has declared it is ‘business as usual’ at his Australian steel and coal operations, despite the looming possibility of creditors carving up his conglomerate GFC Alliance. Gupta’s business empire came under threat when its lender, Greensill Capital, collapsed leaving Swiss investment bank...
Australian integrated engineering, project management and delivery group Aurecon will delist its African business from the wider group, following a proposal from the African unit to be independent. Aurecon’s CEO William Cox said the decision to delist the African business was motivated by a feeling that...
The Western Australian (WA) government will this week be handed legislation for a new statutory authority that will advise the state on the most important infrastructure projects to embark on. Infrastructure WA will help the government lay out a 20-year infrastructure strategy and is intended to...
Construction of Western Sydney Airport has officially commenced at Badgerys Creek, with Prime Minister Scott Morrison breaking ground at the site today. At the opening ceremony, Morrison talked up the significance of the project, calling it the ‘biggest game changer’ for the city of Sydney since...