Latest Urban Development News

Ioneer has signed non-binding MOUs with Korea’s KIND and Hyundai Engineering, edging closer to a Final Investment Decision for its Rhyolite Ridge lithium-boron project in Nevada.

Ioneer has secured non-binding letters of intent with Korea’s KIND and Hyundai Engineering, marking a key step towards a Final Investment Decision for the Rhyolite Ridge lithium-boron project, targeting first production in 2029.

Precinct Properties has struck a $600 million deal to sell a 50% stake in Auckland’s PwC Tower to PAG, cutting its gearing to a lean 24% and setting the stage for future growth.

NRW Holdings reported a robust first half of FY26, driven by strong segment performances and the strategic acquisition of Fredon Industries, boosting revenue and profits significantly.

Lendlease has landed a major contract to develop Sydney’s Hunter Street West Over Station, including a premium 52-storey commercial tower and metro station construction. This deal significantly boosts its development and construction pipeline ahead of FY27.

Besra Gold Inc has updated its Bau Gold Project resource to 2.28 million ounces and is intensifying efforts to renew a critical mining lease, signaling a strategic reset for the company.

Scentre Group reported a 3.2% rise in Funds From Operations for H1 2025 and upgraded its full-year distribution guidance, driven by record occupancy and retail sales growth across its Westfield portfolio.

Vysarn Limited reported a robust 40% increase in revenue to $106.5 million for FY2025, driven by key acquisitions and national expansion. The company’s profit after tax rose 34%, underscoring its growing footprint in Australia’s water infrastructure sector.

Southern Cross Electrical Engineering has announced over $110 million in new and renewed contracts, reinforcing its position in Australia’s infrastructure services and manufacturing sectors.

Civmec Limited has announced a series of new contracts and extensions valued at more than A$600 million, including the integration of the SEA1180 maritime defence program following its acquisition of Luerssen Australia. The company is also advancing major infrastructure and green energy projects, signaling robust growth and diversification.

Veris Limited has secured a major contract worth up to $20 million to provide engineering survey services for Melbourne’s Suburban Rail Loop East tunnels, boosting its secured workload to over $65 million.

Finbar Group has acquired a prime West Leederville site for $15.7 million, aiming to develop 240 apartments valued at $200 million, with earnings expected by FY2030.