AGP Executive Report
Last update: 4 hours agoData-centre backlash: Australia’s Housing Industry Association warns the data-centre boom could squeeze new housing supply by competing for scarce land, energy, water and infrastructure. Global AI governance: China’s Xi Jinping urged AI development as a global co-operation effort, pushing back on “overstretching” national security concerns. ESR leadership: ESR appointed Reini Otter as CEO for Australia and New Zealand, tasked with running its logistics and data-centre platform. Luxury property watch: Forbes Australia’s latest list of the country’s most expensive sales shows Queensland and Perth leading disclosed trades, while Sydney and Melbourne’s prestige suburbs dominate undisclosed deals. Proptech deal: Aurum PropTech agreed to buy Housing.com from REA India in a Rs 458 crore all-stock transaction, lifting REA India’s stake in Aurum to 24.9%. Crime-assets crackdown: SA Police seized more than $125m in alleged criminal assets, including luxury cars and real estate, under tougher confiscation reforms. Mobility and infrastructure: Melbourne Airport’s $3b third runway is framed as delivering local jobs and noise-management commitments alongside added capacity. Transport safety: BMW recalled thousands of vehicles in Australia over potential starter-motor fire risk.
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