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H.I.G. Capital Raises $1.3 Billion for Europe Realty Fund III

By API User

MIAMI–BUSINESS WIRE– H.I.G. Capital (“H.I.G.” or “the Firm”), a leading global alternative investment firm with $64 billion of capital under management, is pleased to announce the final close of H.I.G. Europe Realty Partners III (the “Fund”). The Fund closed with aggregate capital commitments of approximately $1.3 billion,1 significantly above the predecessor’s fund size. H.I.G. Europe … Continued

Sustainability soars on The Wings of a Masterpiece

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By Michael Fisher, Managing Director, Boon Edam Australia   A sustainable building masterpiece entering service in Belgium this year demonstrates the ingenuity of architects and developers in working together towards achieving Net Zero emissions standards ultimately required of all countries, including Australia and New Zealand.   Delivered early this year, The Wings in Belgium’s international … Continued

Proving ESG Compliance: A $33.9 trillion Investment Opportunity for Construction

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Yet construction professionals underestimate the importance with only a third of seeing the benefits of digital solutions for ESG certification, according to PlanRadar research.    PlanRadar, a leading platform for digital documentation, communication, and reporting in construction, facility management, and real estate, has released an analysis on the impact of digital platforms on ESG due … Continued

Final discussion paper in Foundations and Frontiers series released

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The final discussion paper in the Foundations and Frontiers series, focusing on enhancing productivity in the construction industry through smarter data utilisation and practical metrics has been released. The latest paper, Data-rich future, addresses the well-documented flatlining of construction productivity growth as reported by the Australian Bureau of Statistics. Australian Constructors Association CEO, Jon Davies, … Continued

The Toro Company Announces the Sale of its Australia-Based Residential Pope Products Business

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Reinforces focus on strategic priorities that provide the greatest profitable growth opportunities BLOOMINGTON, Minn.–BUSINESS WIRE– The Toro Company (NYSE: TTC), through its wholly-owned subsidiaries Toro Australia Pty Ltd and Toro Australia Group Sales Pty Ltd based in South Australia (collectively “Toro Australia”), today announced the sale of its Pope Products residential garden watering and irrigation … Continued

Life-saving engineered stone ban starts after CFMEU victory

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Workers’ lives will be saved from deadly dust diseases after Australia becomes the first country to ban engineered stone today. The CFMEU’s Stop The Killer Stone campaign led to the prohibition of the deadly product, which causes silicosis – an incurable condition. The construction union vowed to ban its members from working with engineered stone … Continued

CFMEU ACT endorses ACT’s new developer licensing scheme

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The CFMEU ACT has applauded the ACT Government’s introduction of developer licensing, which marks a significant step towards safeguarding the community from unethical and shoddy developers. The CFMEU ACT has vocally advocated about the urgent need for developer licensing, citing widespread community support and the damaging impact of unethical developers. “For too long dodgy developers … Continued

Apprentices vital to industry and economic success

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27 June 2024 New data released today from the National Centre for Vocational Education and Research shows building and construction apprenticeship commencements have fallen 22 per cent in the year to December 2023. Only 41,935 people commenced a building and construction-related apprenticeship in 2023, down from 54,035. In response, Master Builders Australia is today releasing … Continued