Real Estate

A court has found a Pelligra Group unit validly terminated leases for offices in a Melbourne CBD building rented by Birdies Mini Golf owner Stephanie Doyle after she failed to meet a deadline for agreement on floorplans.

Hall & Wilcox has hired a property and disputes lawyer and his team of three to build out its offering in Adelaide. 

Hong Kong-based private equity firm JY Group has paid $670 million to acquire a 50 per cent stake in the Westfield Marion, Adelaide's largest shopping centre, from Singapore-based Cuscaden Peak Investments.

Real estate fund manager Charter Hall Group has added to its social infrastructure portfolio with the $445 million acquisition of Sonic Healthcare's major pathology facility in the Brisbane CBD.

A lawyer for ASIC has told a judge that $300 million in Shield Master Fund investments intended for property developments appear to have been diverted for other purposes.

Real estate investment trust GPT Group has dropped $1.19 billion to acquire interests in Queensland’s Sunshine Plaza and Campbelltown’s Macarthur Square shopping centre.

A court has dismissed a bid to temporarily block a deed of company arrangement for Halo Tower developer FT Sydney, after hearing an injunction might jeopardise a sale to Cbus Property, set to settle in July.

The forced divestiture of Dexus' stake in airport operator APAC will proceed, after a court on Friday discharged injunctions temporarily blocking the sale amid a dispute over the disclosure of confidential information.

The NSW Land and Environment Court has refused to sign off on a residential development in Sydney’s west, citing concerns the proposal would create 50 metres of “wall to wall towers”.  

More parties have joined the land acquisition compensation dispute between Victoria and the joint venture owners of Pakenham Place Shopping Centre, a court heard Thursday.