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Construction PRO
Goodman sheds Sydney industrial sites as it eyes data centre growth
As it bets on the growth of the global data centre market, industrial real estate group Goodman has sold off two Sydney warehouses for a reported $438 million to property investor Aliro.
Settlement OK’d in class action over Summerlin Parklands condo
A court has approved a settlement in a class action by owners against the developer of a Brisbane condominuim, which claimed off-the-plan contracts were wrongly terminated when neighbouring property values soared.
Woolworths next in line in ACCC’s ‘illusory discounts’ case
Trial begins Tuesday in the consumer regulator's case against Woolworths over alleged dodgy discounts, with the supermarket chain set to argue there was nothing phony about its 'Prices Dropped' campaign.
Construction PRO
Dexus may have been ‘immoral’ in APAC sale, but so what, judge asks
A judge said Tuesday evidence in a case over the sale of a stake in Melbourne Airport's operator might justify a finding that shareholder Dexus acted unethically and immorally. But whether such a finding was relevant to the validity of a default notice at the centre of the suit is another matter.
Construction PRO
Dennis unit settles class action over Summerlin Parklands development
A settlement has been approved in a class action against a unit of Dennis Corporation, which was accused of wrongly terminating off-the-plan contracts when local property values jumped.
‘The court expects more of lawyers’: Judge reams class action litigators
A judge has bawled out lawyers in a case against water treatment firm Phoslock and auditor KPMG for putting forward a High Court ruling for the mistaken proposition that he had power to make the class closure order sought.
IAG’s proposed $1.35B acquisition of RACWA faces further review, again
The ACCC will look deeper at IAG's proposed acquisition of the RACWA's insurance operations for the second time, saying there were concerns the transaction could substantially lessen competition.
Construction PRO
APAC wanted to ‘get rid of Dexus completely’, trial told
APAC issued a default notice to Dexus' infrastructure fund manager for a purported breach of a shareholder agreement during a share sales process to "get rid of" it, a trial has heard.
Construction PRO
Dexus accepts it disclosed APAC’s confidential info, denies breaching deed
Previewing Monday's closing arguments in its legal tussle with the operator of Melbourne Airport, co-owner Dexus says it won't deny a long-term model given to potential share purchasers was confidential. But here's the kicker -- the disclosure didn't run afoul of its shareholder agreement, it says.
Rinehart’s Hancock Prospecting must pay royalties in iron ore mine battle
Australia's richest person Gina Rinehart could be on the hook for millions of dollars in royalty payments, in a long-running battle over lucrative iron ore mining tenements in Western Australia's Pilbara region.