Real Estate

Developer CIP Group must fork over another $1.17 million in further security for costs in a derivative case against entities associated with a 600-lot development in Brisbane.

A private group of local business people has purchased commercial office building Cairns Corporate Tower for $77.5 million.

The NSW’s Land and Environment Court has approved plans to amend an approved $4.5 million development application to tear down a $16.3 million Mosman property to make way for a new home and pool.

Thompson Geer has nabbed a partner and a special counsel from Baker McKenzie to grow its Melbourne-based banking and finance team.

Property group Catalyst has won $31.7 million from a trustee corporation of the Presbyterian Church of Queensland over a suite of scuppered transactions for land and aged care homes.

Singapore-based Keppel REIT and Australian asset manager MA Financial have paid $525 million to acquire the Top Ryde City Shopping Centre in Sydney’s northwest.

Canberra builder Geocon has brought a lawsuit against the developers of the Aspen and Establishment apartment buildings in Canberra, claiming it is owed $4 million in construction payments.

The trustee for shareholders that want to retain their Dexus-managed stake in Australia Pacific Airports Corporation can't be separately represented from the selling group, a judge has ruled in a case that pits APAC's investors against each other.

Sydney pub baron Jon Adgemis has been declared bankrupt and his properties have been sequestered, with the Federal Court finding the former KPMG partner owes $1.8 billion to creditors.

St Hilliers unit Thornton Operations has won court approval for a $450 million plan to develop a mixed-use precinct that includes 526 homes, after reaching an agreement with the local council.