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CHICAGO–BUSINESS WIRE– Hyatt Hotels Corporation (the “Company” or “Hyatt”) (NYSE: H) today disclosed it has executed an exclusivity agreement with Playa Hotels & Resorts N.V. (“Playa”) (NASDAQ: PLYA) under which Playa has agreed to negotiate exclusively with Hyatt regarding potential strategic alternatives, which may include the acquisition of Playa by Hyatt. Mark S. Hoplamazian, President … Continued
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Fifty years after Cyclone Tracy caused devastation and destruction across the suburbs of Darwin, the Northern Territory will soon have its own crop of locally educated architects designing buildings to withstand such forces. Charles Darwin University’s (CDU) new Bachelor of Architectural Design, which is open for enrolment now, is specifically tailored for students to understand … Continued
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Childcare crisis sparks frenzy as new Gladstone centre receives 200 enquiries in just 30 days In a striking display of pent-up demand, a soon-to-be-completed childcare centre in Gladstone has sent local families scrambling for spots. Just four weeks after a sign was placed on-site, the Una Glen Eden childcare facility has been overwhelmed with over … Continued
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Reflections on 2024 By Jon Davies, CEO, Australian Constructors Association As 2024 comes to a close, it’s remarkable to reflect on just how much has changed in our industry over the past year. Few could have anticipated the seismic shift brought about by the decision to place the CFMEU into administration—a once-in-a-century event that will undoubtedly … Continued
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TOKYO–BUSINESS WIRE– Blackstone (NYSE: BX), the world’s leading alternative investment firm, today announced that Real Estate funds managed by Blackstone (“Blackstone”) have entered into definitive agreements to acquire Tokyo Garden Terrace Kioicho, an acclaimed 2.4 million square feet of mixed-use asset, from affiliates of Seibu Holdings. At $2.6 billion (around JPY 400 billion), this marks … Continued
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11 December 2024 New industrial disputes data from the Australian Bureau of Statistics confirms the need for a return of a building and construction industry watchdog, says Master Builders Australia. Over the September quarter, 59 per cent of total working days lost in the economy occurred in the building and construction industry. 27,500 working days … Continued
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— Post-Pandemic Economic Recovery and International Tourism Expansion Impact Rankings — TOKYO–BUSINESS WIRE– The Mori Memorial Foundation’s Institute for Urban Strategies, a research body established by Mori Building, Tokyo’s leading urban landscape developer, today released its Global Power City Index (GPCI) 2024 report on the overall strength of the world’s 48 major cities. For the … Continued
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A leading Australian electrical company has found a solution that delivers Standards-compliant, safe, and portable switchrooms to site for its major projects across the country. The electrical project specialist worked with Modulate Group to create a fully sealed containerised switchroom that can easily be moved from site to site, as required. The customised switchroom … Continued
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Master Builders Australia is aware that the Registered Organisations branch of the Fair Work Commission has announced it will open a formal inquiry into the Master Builders Association of Victoria (‘MBV’). MBV is one of nine Association Members that comprise the membership of Master Builders Australia. Master Builders Australia operates pursuant to a … Continued
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A new design guide for apartments and townhouses has been created by Sunshine Coast experts to encourage design and development that ensures great homes for residents and attractive, shady and safe streets for the community. Apartments and townhouses, which are increasing in popularity, are expected to play a greater role as our region looks to … Continued
