Fortescue Chooses KBR’s Green Ammonia Technology for Norwegian Project
KBR (NYSE: KBR) announced today it has signed a contract to provide its green ammonia technology, K-GreeN®, for Fortescue’s Holmaneset green energy project in Norway. Under the terms of the contract, KBR will provide technology license, proprietary engineering design, and FEED…
A Tale of Two Trades: Finding Parallels Between Construction and Beekeeping
In the bustling world of construction where precision and collaboration are key, two Turner Superintendents, Pat Haddigan and Peter Murawski, have found a harmonious blend between their professional lives and a unique hobby: beekeeping. Their stories intertwine to illustrate how…
Fluor Selected for Position on Global Contingency Services Multiple Award Contract III
Fluor Corporation (NYSE: FLR) announced today that it has been awarded a position on the Global Contingency Services Multiple Award Contract III by the United States Naval Facilities Engineering Systems Command (NAVFAC) Pacific. As one of six companies selected for the…
M6 Stage 1 project reaches milestone Indigenous spend
CPB Contractors, as part of Transport for NSW’s M6 Stage 1 delivery team, has reached a milestone spend of $30 million with Aboriginal and Torres Strait Islander suppliers, businesses and employment. The milestone also marks a significant project achievement, exceeding…
ACS launches its 2024-2026 Strategic Plan to achieve €1 billion in attributable profit by 2026
The Group will boost growth and investment by generating operating cash flows of between €3.3 billion and €4 billion in three years and will allocate at least €2 billion to shareholder remuneration, with an annual dividend of 2€ or more…
VINCI to acquire the majority shareholding in Edinburgh Airport
Agreement signed by VINCI Airports to acquire a 50.01% shareholding in the company owning Edinburgh AirportFirst airport in Scotland and sixth in the UK in 2023, with traffic of 14.4 million passengersAfter Belfast International in 2018 and London Gatwick in…
Tutor Perini Prices $400 Million of Senior Notes
Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it has priced an offering of $400 million in aggregate principal amount of 11.875% Senior Notes due 2029 (the “Notes”) in a…
Acadia Realty Trust Expands $750M Credit Facility
Acadia Realty Trust (NYSE: AKR) (the “Company”) announced today that it closed on a $750 million amended and restated credit facility, which replaces and extends the Company’s existing $700 million credit facility. The facility was oversubscribed and maintained the pricing…
Bona® Launches Bona Chroma® Waterborne Wood Floor Coloration System
As homeowners become more educated on sustainability, many are insisting on greener products and services, presenting a clear opportunity for contractors to guide home and floor owners toward more sustainable options. Bona®, a global, sustainably driven company that supplies products for…
Granite REIT Proposes Unwinding Stapled Unit Structure
Granite Real Estate Investment Trust (“Granite REIT”) and Granite REIT Inc. (“Granite GP” and, together with Granite REIT, “Granite”) (TSX: GRT.UN; NYSE: GRP.U) announced today that, at the upcoming Joint Annual General and Special Meetings of holders of Granite’s stapled…
Diamondback Investment Group $24M Loan for Greensboro Housing Projects
Diamondback Investment Group (“Diamondback”), a North Carolina-based land acquisition and development company, today announced it has secured a $24 million construction loan to support the horizontal development of two master-planned single-family housing communities in Greensboro, North Carolina. The two communities,…
Keppel DC REIT Sells Sydney Data Center for A$174.0 Million, 35.4% Premium
Sydney data centre at 35.4% premium over valuation,Opportunistic divestment is in line with proactive asset management strategy to unlock value from existing portfolio and optimise returns for Unitholders.,Allows Keppel DC REIT to retain exposure to Australia data centre market.,Transactions are…