Real Estate

The liquidators of real estate investment company Global Capital Property Fund have expanded their suit alleging breaches of fiduciary duties in relation to a $50 million Queensland development, adding special purpose vehicles for several developments in Victoria.

Mirvac has entered into a joint venture with Japanese developer Mitsubishi Estate to deliver a mixed-use precinct in Sydney’s Darling Harbour, estimated to have an end value of over $2 billion. 

An ex-Keystone director has raised concerns that expanding a freezing order over his assets would impact his ability to pay his solicitors at law firm Corrs Chambers Westgarth.

Ray White has secured a stay of examinations of its employees, as a creditor of FSM Development investigates claims the real estate agency's loan agreement with the collapsed Sydney developer was uncommercial.

A judge has hit Dyldam Developments' former boss Sam Fayad and his two sons with costs after ordering them to pay $50 million in a case by the liquidator of a special purpose vehicle, but awarded costs to payment intermediaries for the liquidator's "manifestly weak" case against them. 

A Queensland property owner whose Morton Bay land was slated to be acquired by the council can recover more than just legal costs under the state's land acquisiton law, an appeals court has found.

Builder Q Group has defeated an application to enjoin it from instructing a law firm which allegedly failed to make a claim on time, with a judge finding a lawyer’s alleged omission did not mean he had a “personal interest” in the outcome of the case.

A tribunal has dismissed a disciplinary case brought against a Brisbane lawyer for allegedly breaking the ‘no contact’ rule and speaking with another lawyer’s client in a debt recovery proceeding.

The liquidators of real estate investment company Global Capital Property Fund have sued the company’s current and former directors, alleging breaches of fiduciary duties in relation to a Queensland development.

A consortium of Ki Corporation and New York Stock Exchange-listed Public Storage has pulled a $2.2 billion offer to acquire Abacus Storage Kings.