Real Estate

Adelaide's historic 150 Rundle Mall has been sold for $10.85 million to National Retail Group, with plans for a large-scale refurbishment.

Commercial real estate firm JLL has been sued by two sacked executives who say their reputations were tarred by “highly misleading” statements about an investigation into misconduct at the firm. 

The High Court has approved the imposition of additional land tax on non-residents and foreign-owned entities, finding that the Commonwealth government had the power to limit the application of international tax agreements.

Realside Rundle Square wants a preliminary question on a term in its lease heard first in a suit against M3Property and a valuer alleging tenants of Adelaide's Rundle Mall in Adelaide have been overcharged for rent since 2006 due to valuation flaws. 

Brookfield Properties has admitted that it failed to follow procedures on consultation and redeployment when it made a senior manager redundant when she was on parental leave.

Ashurst has lured a senior tax partner from MinterEllison with substantial experience in real estate and infrastructure, a day after Corrs Chambers poached its global co-head of tax, who is an expert in the stamp duty. 

A prefab home builder has filed an application with the High Court after it was ordered to pay $500,000 in damages for engaging in misleading and deceptive conduct to convince a couple to vary their contract to allow the use of cladding they had previously rejected.

Corrs Chambers Westgarth has snagged a tax partner from Ashurst with special expertise in the stamp duty, amid an ASIC review into the rule requiring superannuation funds to disclose stamp duties as fees.

Developer CIP Group must fork over another $1.17 million in further security for costs in a derivative case against entities associated with a 600-lot development in Brisbane.

A private group of local business people has purchased commercial office building Cairns Corporate Tower for $77.5 million.