Real Estate

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.

A property developer has won its challenge to a VCAT decision that tanked its subdivision plans, with an appeals court accepting its argument that the decision was “seriously illogical”.

A&O Shearman has poached a Squire Patton Boggs partner to build a dedicated real estate practice in Australia.

Lendlease has reportedly sold the $900 million Erina Fair shopping centre on NSW's Central Coast, one of the assets that formed part of an unlisted fund the real estate giant has fought to maintain control over.