Latest Development Projects News

AVJennings Limited has officially been acquired by Proprium Capital Partners through a scheme of arrangement, triggering a special dividend payout and the company’s imminent delisting from the ASX.

Carnegie Clean Energy launches a $3 million Share Purchase Plan to fuel commercialisation of its wave and MoorPower technologies, capitalising on growing global momentum in ocean energy.

Abacus Storage King reported a 109% surge in net profit for FY25, while rejecting an initial takeover bid and entering due diligence on a revised offer. The company’s strong operating platform and strategic acquisitions underpin its growth ambitions.

Origin Energy reported a 6% rise in full-year profit to $1.48 billion, driven by LNG trading gains and operational resilience, while advancing key renewable projects and battery storage developments.

Arena REIT reported a robust 17% increase in net operating profit for FY2025, underpinned by strong portfolio management and development activity, while raising its distribution guidance by 5.5% for FY2026.

Arena REIT reported a robust FY25 with net profit up 42% to $81.5 million, driven by rental growth and property revaluations, while raising FY26 distribution guidance by 5.5%. The Group also announced a CEO succession plan amid sustained portfolio expansion and strong capital management.

Dexus Convenience Retail REIT has reported FY25 results slightly above guidance, underpinned by strong portfolio income growth and a robust balance sheet. The fund is advancing its Glass House Mountains redevelopment, positioning for future income expansion.

BWP Group reported a strong $265.6 million net profit for FY2025, driven by property valuation gains and rental growth, while completing a major internalisation and lease reset transaction with Wesfarmers.

Northern Star Resources updates its Ore Reserves and Mineral Resources following the acquisition of De Grey Mining, adding the Hemi project to its portfolio, while confirming steady progress on the KCGM Mill Expansion.

Aeris Resources has outlined its FY26 production targets, aiming for a 40-49kt copper equivalent output while advancing key projects and planning asset divestments to strengthen its balance sheet.

Alkane Resources has received final court approval to acquire Mandalay Resources, setting the stage for a transformative merger expected to complete on August 5, 2025.

Aeris Resources has secured gold hedges covering half of its FY26 Cracow production at a forward price of A$5,145.75 per ounce, aiming to stabilise revenue amid market fluctuations.