Real Estate

A feud between a reality TV star and her sister over a $2 million Toorak townhouse is playing out in court, with a judge hearing the sisters sealed a deed of gift over the apartment with their fingerprints.

Singapore's OUE Real Estate Investment Trust has expanded into Sydney's CBD office market with the purchase of a 19.9 per cent interest in Salesforce Tower from Mitsubishi Estate Asia.

The investment vehicle of MRS Property has pocketed $42.4 million in the sale of a five-level office building in Adelaide's CBD.

Shopping centre giant Scentre Group has plans to expand into the lucrative residential market, capitalising on its significant landholdings to supply over 16,000 apartments at several Westfield locations.

The Trump Organization is planning its first development in Australia, signing an agreement to build a 91-storey luxury hotel on the Gold Coast.

In a sign of recovery for Melbourne's commercial property market, developer Bill McNee's Vicland has sold St Germain in Toorak to Spotlight Property Group.

The owners of two trusts that manage properties in Melbourne’s south-eastern and western suburbs have won a land tax refund after a court found Victoria's revenue office should have assessed the holdings separately.

The judge overseeing a case by the liquidators of real estate investment firm Global Capital Property Fund won't allow two GCPF directors to appear on behalf of related companies named in the case, saying they would not be able to act “independently and objectively”.

JLL's former human resources head in Australia has launched proceedings over her dismissal, the latest lawsuit to face the commercial real estate giant.

Charter Hall Group's retail fund has grown to $3 billion after picking up three east coast shopping centres for $360 million, in a sign of the robustness of the sector.