Real Estate

A residential land lease community in NSW's Central Coast must repay residents for a fee hike after a tribunal ruled the contractual term providing for the increase involved “double dipping” to account for inflation.

Superannuation fund Aware Super is teaming up with Goodman Group on a $2 billion platform that owns three logistics properties in Los Angeles.

Hostplus has called out Lendlease for encouraging investors to skip a meeting convened by the super fund heavyweight in its bid to boot the real estate manager from the $2 billion APPF Industrial fund.

Property valuer M3 Property has denied claims that its lease valuations were incorrect and led to tenants of Adelaide's Rundle Mall being overcharged and says that if it is found liable, brokers CBRE and JLL should be on the hook as well.

German car hire company SIXT has dropped its bid for an injunction barring Darwin International Airport from requiring it to vacate the premises it operates out of at the airport. 

Elanor Funds Management's board on Friday unanimously recommended that securityholders reject the takeover offer and provided an expert independent report from Kroll Group that concluded the offer of $0.70 in cash per stapled security undervalued the fund.

Housing developer Aspen Group has paid $14.1 million to acquire the remaining stages of the Wallaroo Shores master planned community in South Australia.

The ACT revenue office has lost its claim that developer Molonglo should pay $100 million to develop land held under a Crown lease, while Molonglo’s argument that the tax should be nil has also been rejected.

A Gold Coast town planner has been ordered to pay over $400,000 to a landowner who a judge found received negligent advice over a proposed subdivision.

A judge has taken ASIC to task for pleading its remitter case against Mayfair 101 Group director James Mawhinney in minute detail, but has rejected arguments the regulator ran the proceeding in an “oppressive and unmeritorious” way.