A Japanese company has unveiled a plan to build a $250 million commercial tower on Ann Street... »
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Sydney Opera House architect dies
The Danish architect of the iconic Sydney Opera House, Jorn Utzon, has died at the age of 90, after suffering a heart attack. Mr Utzon, an award-winning architect, put “Denmark on the world map with his great talent,” said Danish Culture Minister Carina Christensen. Having won a competition in 1957 to design the building,... »
Concrete convoy converges for massive Gateway pour in Queensland
A convoy of trucks carrying enough concrete to fill two Olympic-sized swimming pools converged on the Gateway Upgrade Project as part of a massive 15 hour continuous concrete pour. The pour – the largest to be undertaken on the congestion-busting $1.88 billion project – would form a part of a new interchange linking the... »
Leighton JV wins $2.4 bln UAE construction deal
Dubai-based developer Pearl Dubai said on Wednesday it has awarded a $2.4 billion construction contract to a United Arab Emirates joint venture of Australia’s Leighton Holdings (LEI.AX: Quote, Profile, Research, Stock Buzz). “Pearl Dubai … has awarded an 8.85 billion dirhams ($2.41 billion) main contract for the construction of its Dubai Pearl project, to... »
Latest analysis says Perth is weakest property market in Oz
Perth, recently one of the priciest places to buy property in Australia, is now the weakest housing market in the country. The global slowdown is wiping off overvaluations, bringing housing prices down, even in notoriously expensive places like Sydney, according to analysts. Aggressive interest rate cuts from the Reserve Bank, the doubling of the... »