Industries

Singapore-based real estate investment manager Frasers has offloaded an office tower on Melbourne's Collins Street for $195 million in a strategic exit from the city's "challenging" office sector.

A former director of three construction companies that collapsed with debts of almost $94 million has been banned by the corporate watchdog from managing corporations for five years.

Casino operator Crown has agreed to pay $73 million over two years to settle a shareholder class action accusing it of lax money laundering compliance, with solicitors set to take home $20 million.

Investment firm Alceon and retail consultancy Aktiv have acquired major Gold Coast shopping centre The Strand Coolongatta for $142 million, with plans to upgrade the site.

A judge has approved an $87 million settlement in a class action against Hino Motors, but says he needs to hear from a contradictor before greenlighting a law firm's 25 per cent contingency fee.

A judge has tossed an application for a contempt hearing against in-house lawyers, editors and journalists at Nine who allegedly breached suppression orders in a former ABC radio host’s unfair dismissal case.

Global law firm Clifford Chance has launched a construction practice in Australia after nabbing a special council from Pinsent Masons to lead the group.

Developer CIP Group is fighting opposition to its bid to amend its claims in oppression proceedings brought against entities associated with a 600-lot environmentally friendly residential development in a Brisbane suburb.

Developer Dennis Family Corporation has been hit with class action by purchasers of apartment units in Brisbane who allege their contracts were wrongly terminated after the market value of neighbouring properties soared by 40 per cent.