Real Estate

The NSW government has approved a $1 billion logistics and industrial estate in the Western Sydney Aerotropolis, the largest industrial development to date in the area near the city's new airport. 

An appeals court has relaxed freezing orders against Sydney property developer Golden Rain, allowing it to sell property to repay its debts while it defends a $26 million defects claim by the owners corporation of the Sugarcube Apartments and Honeycomb Terraces developments.

Coles has asked the Australian Competition Tribunal to allow its proposed acquisition of a leasehold interest in a supermarket and liquor store site in Kalgoorlie to go ahead, saying the ACCC's determination "may have broader implications for future supermarket developments under the new merger regime".

Utility Sydney Water has claimed privilege over hundreds of documents said to reveal advice about its obligations when compulsorily acquiring land, in a dispute with a property owner over 21 hectares of land in Rosehill.

Real estate giant Cushman & Wakefield has settled a suit by a former managing director who alleged he was unfairly terminated to prevent him from keeping a $1.5 million sign-on bonus. 

Real estate giant Cushman & Wakefield has settled a suit by a former managing director who alleged he was unfairly terminated to prevent him from keeping a $1.5 million sign-on bonus. 

Investors in Falcon Capital's First Guardian Master Fund will recover less than 10 per cent of a $33.5 million loan advanced to an inexperienced Melbourne developer, under a settlement reached by the company's liquidators.

Investors in Falcon Capital's First Guardian Master Fund will recover less than 10 per cent of a $33.5 million loan advanced to an inexperienced Melbourne developer, under a settlement reached by the company's liquidators.

The Boroondara City Council has sued over a James Packer-backed residential development slated for construction in the heart of Kew Junction, alleging the planning minister wrongly accepted that adjoining land could be utilised in the development. 

Gilbert + Tobin has launched a dedicated multidisciplinary real assets team to advise pension funds, sovereign wealth funds and others on real estate and infrastructure investments, saying the line between the investment classes has "all but disappeared".