Real Estate

Property giant Frasers has expanded its capital partnership with Morgan Stanley to include a portfolio of $500 million in warehouse assets in NSW, Victoria and Queensland, bringing their partnership to over $1 billion in assets. 

CBRE has denied taking unlawful adverse action against an employee who alleges he was forced to continue working with a manager who falsely accused him of killing his rabbit and asked him which female co-workers he would have sex with. 

Office provider Servcorp may amend a lawsuit against former MLC Centre owner GPT alleging it failed to disclose plans for major redevelopment works on the Sydney CBD high-rise before they signed a lease in 2014.

The retail fund of real estate investor Charter Hall has put down $151 million for the purchase of four Bunnings Warehouse stores in Queensland and New South Wales.

A judge wants answers on why builder Geocon has filed a $4 million construction dispute over two Canberra developments in the Federal Court, where a separate fight with its joint venture partners is playing out. 

Centuria has locked in a 10-year lease with Tesla at an industrial site in Derrimut, Victoria and is considering developing another data centre near an existing Telstra facility in the state.

A real estate agency in Victoria has lost a suit seeking the payment of its advertising costs from a former client, with a judge finding that writing 'TBA' in the contract defeated the consumer protection purpose of rules for real estate agents.

A judge has criticised the liquidators of a collapsed luxury homes business for a three-month delay in seeking court approval for a litigation funding agreement, warning other liquidators that they should apply for funding in advance.

Airport operator Australia Pacific Airports Corporation has won its bid to delay an upcoming trial in a dispute with Dexus over alleged breaches of a shareholder deed, after the real estate asset manager discovered 20,000 documents only last week. 

GPT Group will put down $850 million for a 50 per cent interest in the Grosvenor Place office tower in Sydney's CBD, amid an improved outlook for the country's official fundamentals.