Real Estate

As it bets on the growth of the global data centre market, industrial real estate group Goodman has sold off two Sydney warehouses for a reported $438 million to property investor Aliro.

A settlement has been approved in a class action against a unit of Dennis Corporation, which was accused of wrongly terminating off-the-plan contracts when local property values jumped.

Sparke Helmore has hired a property lawyer with experience on major projects and her team from Moray & Agnew.

A former client of a Sydney law firm has lost his bid to up a $300,000 damages award against the firm over a defective notice in a proposed $7.8 million land sale.

A judge has ordered financier MaxCap to hand over certificates of title for property associated with collapsed developer APH Holding's $320 million Wellington Health precinct in the Melbourne suburb of Box Hill.

The firm behind a class action over remote housing in the Northern Territory has appealed a decision rejecting its bid to undo orders on the scope of the initial trial, after the judge disregarded submissions by a class action solicitor that "affronted" her.

The funder that's backing a class action over land compulsorily acquired for Sydney's WestConnex road project has been ordered to pay security in satellite proceedings seeking to claw back $1.4 million in costs from the lead applicants.

The federal government has proposed a significant expansion of the foreign resident capital gains tax regime that will prohibit foreign investors from cashing out tax free on large-scale infrastructure projects on Australian land, with one major firm calling the proposed changes "unwelcome" and "alarming".

The funder that's backing a class action over land compulsorily acquired for Sydney's WestConnex road project has filed an application to substitute the lead applicants, amid an ongoing fight about whether the case should be discontinued. 

The former Australian head of HR at real estate giant Jones Lang LaSalle alleges she was unfairly sacked in the fallout of a harassment investigation against an executive despite having recommended his dismissal.