US private equity firm Blackstone said that its Core+ Real Estate strategy in Asia will acquire Singaporean wealth fund GIC’s stake of 49% in the Dexus Australia Logistics Trust for AUD 2.1 billion ($1.5 billion). The remaining 51% stake in Dexus Australia Logistics Trust will be held by Dexus, an Australian real estate investment trust […]
Wipro has joined forces with British software company Micro Focus and Amazon Web Services (AWS) to launch the Legacy Migration and Modernisation Lab in Sydney, Australia. The lab is located in Wipro’s AWS Launchpad in Parramatta. It will enable companies located in Australia as well as New Zealand (A/NZ) to get hands-on experience of the […]
ACCIONA in consortium with CPB Contractors has bagged a contract to construct the landing runway for the new Western Sydney International Airport (Nancy Bird Walton International Airport) in Australia. While ACCIONA is a Spanish infrastructure company, CPB Contractors is Australasian construction company of the CIMIC Group. The two companies will work under a 50:50 joint […]
BCAL Diagnostics is set to list on the Australian Securities Exchange (ASX) after an initial public offering that saw the Sydney-based breast cancer screening and diagnostic company raise AUD 10 million ($7.33 million) from investors. The IPO offer saw BCAL Diagnostics issue 40 million new shares at 25 cents per share, valuing the company at […]
The New South Wales (NSW) government has selected American EPC and project management company Bechtel as its integration and delivery partner for the Sydney Metro West project. Sydney Metro West is a driverless metro rail line. The 24km long underground railway line will connect Greater Parramatta and the Sydney Central Business District. The driverless metro […]
Siemens Mobility has secured a couple of contracts worth around AUD190 million ($145 million) for upgrading and modernizing the Sydney rail network from the New South Wales (NSW) government, as announced in March 2021. The proposed upgrade work is expected to enhance the overall efficiency and capacity of the rail network. The scope of the […]
AttackIQ, a US-based cybersecurity company, is set to expand into a new market through the opening of regional offices in Sydney and Melbourne in Australia, as per the latest IT industry news. Claimed to be a leading player in the continuous security validation market, the company said that Chris Zauzig, its Regional Sales Manager for […]
Sydney Airport is all set to use a combination of a portion of the power generated from the 135MW Crudine Ridge wind farm owned by Grassroots Renewable Energy and a firming generation from Origin Energy to meet 75% of its power consumption requirements. The power purchase agreement signed by Sydney Airport in this regard with […]
US engineering company Bechtel has been named as the Delivery Partner and Project Manager for the $5.3 billion Western Sydney Airport in Badgerys Creek, Sydney by WSA. Western Sydney Airport The Western Sydney Airport, which will be a new international and domestic airport in New South Wales, Australia is slated to be completed by the […]