Real Estate

Developer Goldfields Group has purchased the Quality Resort in Western Australia's Sorrento Beach in a $31 million off-market sale.

A former EY partner accused by the ATO of promoting a tax avoidance scheme over property developments has told a trial judge the commissioner has "overreached".

Invesco’s global real estate business will acquire retirement village operator and owner RetireAustralia for $845 million.

With plans to transform it into a mixed-use estate, Queensland developer Vitale Property Group has partnered with Metrics Credit Partners to acquire a large-scale industrial site on the Gold Coast.

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.