THE FEDERAL Government will spend almost $8.5 billion on certain infrastructure projects, but has left the future of other infrastructure projects on ice.

THE TROUBLED Southern Star Observation Wheel in Docklands will be dismantled, and rebuilt as part of a $20 million major repair, starting next month.

AN AVONDALE Heights man has been charged $52,000 for demolishing a home in one of Melbourne's most unique inner-city housing estates.

As previously advised Lend Lease Corporation (“Lend Lease”) is not a forced seller of assets and has no intention of selling assets at sub optimal values. Given current market conditions Lend Lease does not believe it is appropriate to sell certain assets, including some equity investments in Public to Private Partnership projects in the UK this financial year. Revised guidance after the removal of these items and other adjustments for the year ending 30 June 2009 is Net Operating Profit after Tax of circa A$300 million.

THE SALVATION Army has reaped $1.95 million from the sale of a riverside Kew property it acquired as part of a bequest last year.

IKEA is set to build a 37,000 square metre megastore at Tempe, in Sydney's south.

VICTORIAN Premier John Brumby used inflated employment projections in last week’s budget, to sell his $7 billion infrastructure plan to the public.

ONE OF the tallest office buildings in St Kilda Road may be on the market soon, with a price tag of some $50 million.

A DECISION to build a $4.5 billion province with the potential to house 35,000 people, may be made by Planning Minister Justin Madden within weeks.

THE PUBLISHER of cartographic icon the Melways has denied the advent of in-car digital GPS technology, is threatening the life of the 43-year old street directory.

TWO DILAPIDATED mansions, until recently used as student housing, have sold and will be fully restored by their new owners.

MELBOURNE-based developer Drapac is understood to be in negotiations to buy a large Queensland farm.

A PARTNERSHIP between Melbourne-based builder the Bendix Group, and Malaysian developer the Crossfields Group, has spent some $10 million on three Victorian development sites.

FORMER pop singer Jason Donavon has sold his Toorak house for about $2.7 million.

A BUYER for one of the inner-city’s biggest residential development sites is expected to be announced by the end of next month.