Waste Management NZ has sold to Igneo Infrastructure Partners for $NZ1.9 billion ($A1.76 billion). The deal was inked on Friday and after a three-way race, Igneo beat KKR &Co and Morgan Stanley Infrastructure Partners to the finish line. Vendor was Chinese equity firm Beijing Capital, which doubled its money after purchasing the company for $NZ950 million from ASX-listed Cleanaway Waste Management in 2014.
Queensland cleantech start-up LINE Hydrogen has announced its first commercial-scale, green hydrogen plant in Tasmania, set to begin construction by mid-year 2022. Climate Capital has secured development approval for the Bell Bay Solar Farm to construct up to a 5 megawatt ground-mounted solar farm in George Town, which will supply behind-the-metre renewable energy to LINE Hydrogen’s hydrogen production plant, with a target of beginning production on 31 January 2023.
“We chose Tasmania as our first production site because of its renewable energy sources, its willingness to progress green hydrogen projects, and the relationship developed with Climate Capital,” LINE Hydrogen founder and executive chairman Brendan James said.
Plans for Central Place Sydney’s final additions have been submitted for development approval. Designs by Fender Katsalidis and SOM, to be developed by Frasers Property Australia and Dexus, are part of a $A3 billion workplace development.
Two new premium mixed-use office buildings across 133,000 square metres will be focused on providing amenity and flexibility in Sydney’s central precinct. A vertical garden is included in the plans, along with a planted rooftop garden housing a tree nursery.
Speaking of tall buildings, a new research report has called on urban designers and architects, planners, developers, state government, and council bodies to re-examine the way they build high-rise dwellings to enhance resident wellbeing.
The report from Macquarie University in partnership with Faith Housing Alliance, Salvation Army and BaptistCare, called for an end to the NSW housing crisis and a re-evaluation of the importance of community in our cities.
The report, Vertical Villages: Community, Place and Urban Density, was launched yesterday at Macquarie University by shadow minister for water, housing and homelessness Rose Jackson.
“The research takes the approach that we need to re-think urban design principles and refocus them to improve the quality of social infrastructure for residents of apartment blocks,” Ms Jackson said.
“Investing in our people and our communities is an investment in a secure, healthy, and strong society. We must prioritise the experiences of residents in order to inform policy-making and decisions in urban development.”
ASPECT Studios has been named as the designers of the Sydney Harbour Bridge bike ramp. Plans released on Friday show the ramp hugging the western side of the bridge, running 200m south from Alfred Street. The cycle path has been delayed for years due to community concern over its impact on nearby parkland. More than 2000 cyclists use the bridge each day, making it the most heavily used cycle path in the city.