Real Estate

Growthpoint Properties Australia has sold the Grenfell car park in Adelaide’s CBD to a local investor for an undisclosed price.

A class action against the Northern Territory's public housing authority has persuaded a judge to include questions relating to restitution at the initial trial.

Ingenia Communities has entered into an agreement to acquire land developer Peet, creating a real estate giant valued at $2.4 billion.

A judge has ordered a Gold Coast developer to honour two off-the-plan apartment contracts, finding it could not rely on sunset clauses to terminate the agreements.

Two former executives at Jones Lang LaSalle can bring unfair dismissal claims against the real estate giant, despite a solicitor’s error meaning the cases were technically out of time.

Mall owner Scentre Group has sold a 50 per cent stake in Westfield Mt Gravatt to Australian Retirement Trust for $882.5 million, taking to over $3 billion its capital raising from joint venture sales in the past year.

Lifestyle Communities has lost its appeal after a tribunal found that exit fees charged to departing residents were void, with an appeals court saying a tenant must be able to calculate how much they will be charged. 

Property listings giant Domain plans to attack the validity of a Deloitte report which was used to support competitor REA Group’s claim that it attracts the buyer for 9 in 10 homes sold, a court has heard.

A Dentons client that paid $45 million for an 82-hectare Denham Court property that was only worth $10.8 million, in what a judge called a "brazen fraud", has sued the law firm for professional negligence.

EY has claimed a provision of the tax law prevents it from handing over the client file of a property developer who alleges a former partner breached fiduciary duties, but the developer says there is no reason to withhold the documents.