Latest in Construction & Infrastructure: May 31 - Australia (5 stories)

Sunday, 31 May 2026 Weekly Construction & Infrastructure Australia

Here is your Weekly summary for Construction & Infrastructure across Australia for Mon 25th May - Sun 31st May 2026

National Australia Bank is backing Central Equity's ambitious $1 billion Palmera tower project on the Gold Coast, marking a significant milestone as construction begins on this luxury residential development that has been two decades in the making. This investment underscores the growing confidence in high-end real estate in Australia.

In other news, Oppenheimer has initiated coverage of Sterling Construction with an outperform rating, signaling potential growth in the construction sector. Meanwhile, PORR AG has reported a record €10 billion order backlog, driven by a doubling of orders in Poland, highlighting robust demand in European markets.

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