Real Estate

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.

The NSW Land and Environment court has approved developer Central Element's plans for its $100 million 'Lamrock Avenue' luxury residential development in Bondi Beach, following a conciliation conference with the local council.

A landlord in eastern Melbourne has filed proceedings alleging a tenant breached its lease by converting a cafe into a smoking lounge.

Builder Devakon has been ordered to pay $120,000 to remedy defects in an apartment development in the Melbourne suburb of Malvern East, dodging the owners’ bid for damages of almost $1 million.