Real Estate

Two sacked executives of JLL's industrial division have filed court action against the publisher of The Australian over articles they say had a "devastating" impact on their reputations and cost them up to $15 million.

Global real estate investment giant Colliers has boosted its presence in South Australia by acquiring a leading Adelaide-based urban development consultancy.

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 coworkers he would have sex with. 

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.