A developer has lost a $18 million dispute with the Victorian revenue office over duties for purchasing the Alphington Paper Mill, which it plans to develop into a new mini-suburb with 2,500 homes.
Hong Kong-based Link REIT has made a play to acquire three of five Lendlease shopping centre assets that comprise a $2.9 billion property fund that are being sold down amid a slew of redemption requests.
Family-owned Marlow Hotel Group has acquired the Silverwater Hotel in Sydney’s west for a reported $77 million.
Lendlease has announced it will sell down the assets in an unlisted retail property fund the real estate giant has fought to maintain control over in order to meet redemption requests.
Charter Hall and Investa have secured Bank of Queensland as a long-term tenant at their $800 million office tower at 360 Queen Street in Brisbane.
Singapore’s CapitaLand has secured judgment in the Federal Court against a missing executive accused of embezzling the real estate asset manager’s funds.
A court has rejected a bid to expand a lawsuit over a Chinese investor’s $27.5 million contract to purchase a building at 99 Queen Street in Melbourne to join the matriarch of the “very wealthy” family.
The owner of Sydney developer Coronation Property has sued Fairfax for defamation over a Sydney Morning Herald story that allegedly linked him to arson attacks on two childcare centres and the home of YouTuber Jordan Shanks.
Hong Kong’s Link REIT has reportedly made an offer for a half interest in several shopping centres in Lendlease’s retail property fund.
Russia has lost its High Court challenge to the federal government’s decision to terminate its lease on a site where it intended to build a new embassy in Canberra, but the court found the Commonwealth must pay the country reasonable compensation.