Australian building services provider Johns Lyng Group has agreed to be acquired by a subsidiary of private equity group Pacific Equity Partners in a $1.3 billion deal.
A court has described a plan to demolish a 32-room boarding house for the construction of four luxury residences in Paddington as an “unacceptable loss” of affordable housing in inner-city Sydney.
Private equity real estate firm AsheMorgan has snapped up two industrial properties, paying a reported $33.5 million for a logistics hub in Melbourne and $20.5 million for another in Brisbane.
Toyota has been hit with a class action alleging that a defect in certain Corolla models caused paint to peel when exposed to sunlight or ultraviolet light.
Dyldam Developments has won approval to settle a case by the liquidator of a special purpose vehicle over the proceeds of a Paramatta development that sold for $74 million — bolstered by major shareholder Persephone’s “gritted teeth” backing.
Real estate portals Domain and REA Group have settled a lawsuit that alleged Domain scraped photos and floorplans from REA’s exclusive listings for its property reports.
The NSW Land and Environment Court has blocked a developer’s controversial plan to demolish a 32-bedroom boarding house in Inner Sydney suburb of Paddington to develop four luxury residences.
A judge has allowed a Central Coast resident to weigh in on Optus’ challenge to a council’s refusal to bless its plans to build a telecommunications tower, saying the council’s “commercial relationship” with the telco justified a contradictor.
Former senator and ‘transparency warrior’ Rex Patrick has won an order capping the government’s costs at $40,000 in his case seeking documents on the $12 billion Snowy 2.0 renewables project, with a judge finding the matter raised issues of public interest.
International law firm syndicate CMS has hired an energy and infrastructure partner for its newly established office in Sydney, as it seeks to strengthen its presence in the Asia Pacific region.