The National Storage REIT will continue its partnership with Singaporean sovereign wealth fund GIC to invest in a second round of development assets, the ASX-listed trust said Wednesday.
Developer Castle Group can move ahead with its purchase of a block of land in south west Sydney, with a court finding that purchasers of off-the-plan lots have no present interest that can defeat Castle’s right.
Real estate debt asset manager Madigan Capital has closed a $625 million loan to fund the development of a 580,000sqm industrial estate in Western Sydney.
A bid by the parties for the court to determine legal costs in a successful case over the $55 million sale of a Queensland shopping centre has left a judge scratching his head.
A charitable trust of the late artist Martin Sharp, known for designing album cover art for Eric Clapton, can sell his $33 million home to the neighbouring Cranbrook, despite having expressed “animus” towards the prestigious private school, a judge has said.
A judge has signed off on a confidential settlement in a class action over off-the-plan homes in a proposed north-west Sydney development, including a clause that prevents group members from making any public statements about the suit or disparaging the parties.
Asset manager HMC Capital, which owns 11 private hospitals operated by embattled Healthscope, has reached a rent deferral deal with receivers and says other operators have expressed interest in taking up tenancy.
Lendlease can’t bring new claims in an unsuccessful fight over Campbelltown plots worth $120 million, with a judge finding it was not appropriate to allow the amendments “at this very late stage”.
A judge has ordered a Sydney law firm to pay $427,000 to a former client after finding it drafted a defective notice in a land sale and defended proceedings that came about because of its own negligence.
The ACCC has confirmed it is investigating real estate listings giant REA Group, saying it was concerned to ensure “strong competition” in the real estate industry.