Real Estate

Gilbert + Tobin has strengthened its real assets team with the appointment of a partner recruited from global asset manager Blackstone.

Dexus Industria REIT has entered option agreements to sell its 13 Brisbane Technology Park properties for a net $155.5 million.

German car hire company SIXT has sued Darwin International and Alice Springs airports for $1.9 million, alleging its lease arrangements with the airports did not allow for rent reductions. 

Centuria Capital has snapped up the Port Adelaide Distribution Centre for $216 million, calling it a "rare opportunity" surrounded by a host of positive economic indicators.

Melbourne's Park Hyatt Hotel has been sold to Thai group KS Hotels for a reported $200 million, in Australia's biggest hotel deal of the year so far.

Melbourne property group Cadence Property has bought up a 1.7 hectare corner industrial site located in Fishermans Bend in Port Melbourne.

Lederer Group, the family trust of billionaire Paul Lederer, has launched a $285 million takeover bid for commercial property fund Elanor Funds Management, telling investors "enough is enough" and that it was time for a change.

A judge has refused to force the sale of a Footscray property used for logistics services, estimated to be worth $23 million, saying an agreement by the co-owners to sell it by a deadline could no longer be performed. 

Rental property manager MadeComfy has been acquired by Indian hospitality company Oyo in a deal worth $50 million. 

The operator of a gym previously inside a Bankstown RSL club has scored a partial win on appeal against its new landlord, but has only received nominal damages of $10.