Real Estate

Retirement village operator Lifestyle Communities will offer a new fee model to existing homeowners following an appeal of a ruling in July that its exit fees were unenforceable.

Hong Kong-based Far East Consortium has sold a 50 per cent stake in the Ritz-Carlton Perth to Cayman Islands-based Generation Essentials Group for $100 million. 

Commercial real estate group JLL has hit back at former CEO Daniel Kernaghan's unfair dismissal case, saying he was sacked for mishandling a harassment complaint against a manager.

National Storage REIT has agreed to a takeover by a consortium of Brookfield Property and GIC Investments that values the self-storage investor at $4 billion.

The High Court has taken up an appeal by the Victorian planning minister in a row with IGA that seeks guidance on the jurisdictional reach of the state Supreme Court in planning disputes.

VCAT has upheld a local council's refusal of a plan to build a three-storey luxury apartment building at a vacant lot in East Melbourne, saying it would "visually dominate" a neighbouring heritage-listed home.

Lendlease has lost its appeal of a ruling that shot down its bid to enforce a $120 million purchase agreement for five plots of land in Campbelltown against a company controlled by the Macarthur-Onslow family. 

An iProsperity director must pay $5.3 million to ZACD for his conduct in convincing the Singapore-based real estate investment firm to cough up $37.5 million for its $300 million purchase of the AccorInvest hotels portfolio.

Canberra developer Geocon has won a Full Court appeal over the GST payable on $115 million in sales from a 360-unit development, with the case sent back to a tribunal for final determination.

Carlisle Homes has prevailed on a preliminary question in a dispute with Nexus Office over alleged defects in a Nexus Mulgrave rental space, with an appeals court finding an expert had not properly determined the dispute.