Real Estate

An appeals court has mostly rejected the claims of a former Colliers director who says he lost out on purchasing a more expensive property in the affluent Sydney suburb of Paddington due to commissions his former employer failed to pay. 

Receivers appointed in proceedings against Falcon Capital, the firm behind the First Guardian Master Fund, have won orders to sell a $9 million Hawthorn property owned by the company's director.

Magic Circle firm Clifford Chance, which boasts one of the leading projects and energy transition teams in the UK, is deepening its expertise in Australia, hiring a lawyer from HSF Kramer to build an environment and planning team. 

United Petroleum has won its case against the operator of Perth Airport claiming it was induced to enter a $900,000 lease and construction agreement with promises of redevelopment at the site, which is now in doubt.

A Sydney developer has lost its challenge to a ruling over a deed granting it an option to purchase a Marsden Park property, with an appeals court finding it altered its case on appeal.

Property group Ingenia Communities is on the hook for $1.5 million for failing to supply financially vulnerable senior renters with stovetops over a five-year period.

Vicinity Centres will pay $400 million to acquire the Eastern Creek Quarter retail precinct in Western Sydney from Frasers Property. 

Fletcher Building has sold a South Australian industrial property to an unnamed investor for $20.05 million.

The High Court of Australia will hear the appeal of a failed class action over the planned demolition of inner-city public housing towers in Melbourne, which will involve consideration of the right to remain in settled social communities.

A judge has permanently stayed a suit against developer Stennson over a Caulfield North residential development after finding the developer would suffer prejudice because the builder on the project was not a party in the case.