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Construction PRO
Charter Hall sells Bunnings asset for $44M in off-market deal
Property investment firm Charter Hall has sold its Bunnings Warehouse in the southeast Melbourne suburb of Clyde North for $44 million, in an off-market deal that reinforces the strength of retail real estate.
Judge wrong in case over insurer’s pre-existing condition term: ASIC
The corporate regulator has appealed a Federal Court decision that rejected part of its case against HCF Life Insurance over a pre-existing condition term in its policies that was found to be misleading but not unfair.
Radio giant scapegoated 2Day FM royal prankster, lawsuit says
A 2Day FM host behind a prank call to the hospital where the Duchess of Cambridge was staying in 2012 alleges he was “hung out to dry” by the radio network after a nurse’s death by suicide.
Construction PRO
Lifestyle Communities mulls appeal after exit fees found void
Retirement village operator Lifestyle Communities has foreshadowed an appeal after a tribunal ruled that exit fees charged to departing residents were void.
SkyCity investor wants to sue execs to recoup $67M penalty
A SkyCity shareholder is seeking leave to launch a case against former executives and directors for their alleged role in the mismanagement of the casino's money laundering risk, which last year resulted in a $67 million penalty.
Construction PRO
HWL Ebsworth boosts development expertise with acquisition of boutique
HWL Ebsworth has acquired Adelaide law firm Botten Levinson Lawyers, boosting the firm's environment and development law offering in the region.
In ANZ class action, court approves third settlement GCO without altering rate
In the third decision approving an unaltered group costs order at the resolution of a class action, a judge has OK'd an $85 million settlement by ANZ, representing a $21 million payday for Maurice Blackburn.
Construction PRO
Court finds bar on anti-competitive contracts doesn’t apply to land
A judge hearing a dispute over a lot in Victoria's Merrifield Business Park has found that the Competition and Consumer Act's bar on contracts that substantially lessen competition does not apply to a market in land.
Construction PRO
Singapore firm sells vacant Melbourne CBD office tower
Singapore firm Roxy-Pacific Holdings has sold the iconic Melbourne House at 360 Little Bourke Street to an unnamed interstate investor.
Public court lists not ‘free for all’, tribunal says in privacy loss for publisher
A tribunal has found a company that scrapes court databases broke privacy laws by failing to remove a litigant's name after charges against her were dropped, saying the public nature of court lists doesn't make republication a “free for all”.