Real Estate

AVID Property Group has moved ahead of Warburg Pincus in a contest to acquire Ingenia Communities, securing access to the housing and holiday park operator’s books with a $3.2 billion takeover offer that would also require Ingenia to abandon its acquisition of developer Peet.

Starbucks has prevailed in a bid by a landlord of the coffee chain's Ripley, Queensland outlet to set aside a demand for $450,000 as part of a rent dispute.

Mirvac has sold two office towers and an adjoining car park in Brisbane’s CBD to investment manager Alceon for $124 million.

The company that paid $60 million for bankrupt Jon Adgemis' Noah's Backpackers hotel in Bondi Beach has been ordered to cough up $6 million in GST refunds to a Singapore special purpose vehicle that arranged a loan for the purchase.

A judge has awarded investment firm Merricks Capital $46 million in its lawsuit against tech entrepreneur Peter Crown and his wife over a loan to purchase land in the Southern Highlands.

A real estate partner who specialises in advising on residential developments has left Colin Biggers & Paisley for Maddocks.

The former director of Villawood Management is calling for a further stay of a ruling greenlighting the land developer's bid to provide litigation documents to the Australian Federal Police for investigation of alleged criminal activity.

Agribusiness investment firm Packhorse Pastoral has lost an appeal bid in a row with placement agent Burgoyne Capital, after its $120 million portfolio of cattle stations was put up for sale following the death of a co-founder.

A co-founder of collapsed property development group Steller has argued in the High Court it is unfair to bind him to a previous owner’s acquiescence to the use of a driveway by his prominent Mornington Peninsula neighbour.

Property developer Casey Group is weighing a cross-claim against Rossdale Golf Club in response to proceedings launched by Interpac unit Brencorp, which alleges Casey devised an "underhand deal" to block its acquisition of the southeast Melbourne club.