Real Estate

A court has excused the developer of a warehouse in greater western Sydney from paying a $1.38 million rent guarantee to CapitaLand Ascendas' REIT trustee Perpetual, finding it met its obligation to procure a tenant.

The NSW Valuer General has lost its appeal of a decision upholding a challenge to eight land value determinations, with an appeals court finding that the Valuation of Land Act does not require the use of any specific method to determine land value.

The High Court has declined to weigh in on a dispute between the tax office and Canberra developer Geocon over excess GST on $115 million in sales from a 360-unit development.

Developer Robert Filippini, who is suspected of fraudulently receiving investor money from defunct Keystone Asset Management, is seeking to appeal an extension of freezing orders over family trusts that hold property and several luxury cars.

Amazon will take up residence in Charter Hall’s logistics estate just south of central Brisbane, building a $750 million first-of-its-kind robot-assisted fulfilment centre spanning 150,000 square metres. 

Mills Oakley has been hit with a negligence lawsuit by a former client who claims the firm failed to advise of the tax consequences of demolishing a dwelling before selling a property in Melbourne's east for $5.4 million.

A challenge to the City of Sydney's refusal to approve a digital billboard on the heritage-listed Grace Bros building has fallen flat, with a judge saying the sign would “dominate the skyline” and affect key views from Broadway.

Developer Vantager has been ordered to sell off six properties to satisfy a judgment debt and compensate buyers who overpaid for a Denham Court property by more than $34 million due to what the court called the developer's "brazen fraud and dishonesty". 

The first phase of trial in a class action alleging the Northern Territory public housing authority failed to maintain habitable public housing in remote Aboriginal communities will centre on breach of contract claims, with discrimination and unconscionable conduct claims to be heard later. 

Big Six firm Allens has advised alternative investment firm Stonepeak in a $1 billion investment in Queensland retirement village developer Aura.