Developers Stockland and John Boyd are teaming up to build a $3.5 billion logistics precinct at the site of 18.3-hectare Kogarah golf club near the Sydney Airport.
A judge has ordered the sales proceeds of Western Sydney properties linked to former Dyldam director Sam Fayad to be paid into court, saying there was an arguable case that the sales were intended to defraud creditors.
Retirement village operator Lifestyle Communities has secured a reprieve from a ruling that found its exit fee policy was unenforceable, but has said it won’t spend the funds it collects while the stay is in place.
Private equity giant KKR has committed $500 million to speed the growth of CleanPeak Energy, an Australian company providing renewable energy solutions to blue-chip players in the commercial and industrial sectors.
The liquidators of iProsperity Group want Crown to repay $55 million in company funds they say were gambled away by the real estate funds manager’s directors.
NSW engineering firm Daracon Group has failed to overturn a state independent planning commission’s decision which rejected its plan to expand a hard rock quarry in the Hunter Region.
Reflecting renewed interest in office assets, property investment company Charter Hall has launched a $147 million unlisted trust for investors to buy into two fully-tenanted office buildings in the ACT and Queensland.
The judge who tossed a class action by Quintis’ shareholders should have found a restatement of assets would have materially affected the sandalwood company’s share price “as a matter of common sense”, a court has been told.
The Western Bulldogs football club has lost its bid to avoid a jury trial in a second lawsuit by a fan alleging he was sexually abused as a boy by a club volunteer in the 1980s.
A law firm is looking into a potential class action on behalf of investors who pumped $1 billion of their superannuation into two failed funds, amid fears by ASIC of “catastrophic” losses.