Australia's biggest home builder Metricon will be sold to Japanese construction giant Sumitomo Forestry for a reported $115million. The deal will see the Japanese group acquire a 51 per cent ...

It comes at a time when building giant Metricon has been hit with five conditions on its construction licence by the NSW Building Commission. Metricon faced intense speculation it was on the brink ...

Find out what it means. Sumitomo Forestry on Monday put in a notice to the Tokyo Stock Exchange outlining their plans to acquire 51 per cent of Metricon, potentially before the end of 2024.

Japanese contractor and materials company Sumitomo Forestry is to purchase a controlling stake in Metricon, Australia’s largest housebuilder, for US$79m. The acquisition will give Sumitomo a 51% share ...