Industries

Cbus has reportedly agreed to acquire all the units in Lendlease's $2 billion shopping centre fund, which includes some of the country's largest mall assets.

A private investor has paid $71 million for a 50 per cent stake in the Sunshine Marketplace shopping centre in Melbourne's west.

Lawyers for Forte Sydney Construction are ceasing to act for the developer, which is being sued by the liquidators of collapsed real estate fund manager iProsperity seeking to recover more than $3 million.

A court has approved Eloura Developments' 179-unit housing development in Sydney’s Inner West, which makes use rules allowing increased floor space ratios and heights for developments that supply affordable housing. 

Dexus’ industrial real estate trust has bought a half-stake in an industrial estate in NSW for $49.6 million from its manager. 

HVAC specialist Ellair Solutions has sued builder Taylor Construction Group after it allegedly placed works on a four-storey car salesroom in Croydon on hold in 2018. 

Judo Bank has failed to secure an injunction against a disgruntled customer who launched a billboard campaign against it amid a dispute about a loan for a $65 million property.

Fixed income specialist FIIG Securities has been ordered to pay $2.5 million for cybersecurity failures which led to a cyberattack that exposed the data of 18,000 clients, the first penalty of its kind secured by ASIC.

A class action over the planned demolition of inner-city public housing towers has filed a special leave bid with the High Court, arguing that Homes Victoria’s failure to give residents notice of the rebuild affected their right to remain in settled social communities. 

Amid a dispute over a $52 million mixed-use project in Melbourne, builder LU Simon has secured a court's approval to pay the developer cash equivalent to two bank guarantees in exchange for return of the security.