Melbourne City Council has approved the sale of an eight-storey car park on Little Collins Street to Merivale, which wants to convert the site into a hospitality hub.
ASX-listed Region Group has sold East Warrnambool Shopping Centre in Victoria for over $20 million in an off-market sale, underscoring investor interest in retail assets.
A court has refused to order the applicant in a failed class action against NULIS Nominees to pay indemnity costs, but has confirmed that so-called Calderbank offers can operate in group proceedings.
Mulpha says a class action over the Mulgoa Rise development in Glenmore Park, NSW needs to clarify its negligence case to enable the developer to decide on the viability of potential cross-claims.
In tossing the sixth securities class action to go to trial in recent years, a Federal Court judge has shown the task of proving shareholder loss is a doozy.
Apartment owners at Sydney’s $2 billion One Central Park have sued Frasers Property over 1,750 planter boxes they say are detaching from the two towers and contain combustible material.
NAB has agreed to pay $20 million to settle a class action over the collapse of Melbourne-based builder Walton Construction.
A judge has declined Meriton’s bid for $2.4 million in security in a lawsuit over alleged systemic defects at the Alcove apartment development in Sydney’s North Shore.
Luxury developer Mulpha says a class action’s negligence allegations over the Mulgoa Rise development in Glenmore Park, NSW might warrant cross-claims against subcontractors.
The federal government will invest $3.3 billion in Victoria’s transportation infrastructure, including $2 billion for a rail link to Melbourne Airport.