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High Court sides with Valuer-General over St Kilda Rd heritage property
Real Estate 2025-06-11 11:32 pm By Cat Fredenburgh

The Valuer-General of Victoria has won a High Court appeal against developer WSTI Properties over a $2.9 million valuation for a heritage property in Melbourne, which centred on the meaning of an “improvement” to the land. 

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EVT puts Sydney CBD entertainment complex up for sale
Real Estate 2025-06-11 11:58 pm By Cat Fredenburgh

Entertainment giant EVT has put its landmark Sydney CBD Event Cinemas complex on the market.

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CBRE to acquire commercial real estate agency Burgess Rawson
Real Estate 2025-06-10 11:52 pm By Julia Kanapathippillai

Multinational real estate services and investment giant CBRE will acquire privately-owned commercial real estate agency Burgess Rawson.

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Appeals court affirms $50M haircut for land acquired for Melbourne freeway
Construction 2025-06-06 11:53 pm By Andy Sidler

The owners of land acquired to build the Mordialloc Freeway have lost a bid for $52.8 million in compensation, with an appeals court affirming that they are only entitled to $2.24 million because of prior compensation paid on the land.

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Centennial acquires Adelaide office tower for $50.5M
Construction 2025-06-05 11:15 pm By Cat Fredenburgh

Property investment manager and developer Centennial has scooped up an A-grade office tower in Adelaide’s Pirie Street precinct for $50.5 million.

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Live Nation snaps up Perth building for latest music venue
Real Estate 2025-06-05 11:53 pm By Cat Fredenburgh

Global entertainment giant Live Nation has acquired a Perth warehouse which it promises to transform into a world-class live music venue in about a year. 

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Construction PRO
Builder sues over Hermitage Engadine development
Construction 2025-06-05 11:42 pm By Sam Matthews

The owner of an Engadine site being developed into an apartment complex has been sued by the project’s builder, who seeks over $2 million in allegedly unpaid progress payments as well as damages for breach of contract. 

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Class action over Melbourne development settles, law firm comes up short
Class Actions 2025-06-03 2:30 pm By Christine Caulfield

A class action by investors in a Melbourne apartment develpment has resolved for $2.6 million, but the law firm bringing the case will take a haircut on its fees after group members ignored calls to contribute to the costs.

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National Storage REIT, partner to invest $228M in six self-storage sites
Real Estate 2025-06-04 11:20 pm By Cat Fredenburgh

The National Storage REIT will continue its partnership with Singaporean sovereign wealth fund GIC to invest in a second round of development assets, the ASX-listed trust said Wednesday.

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In loss for off-the-plan buyers, court finds Castle Group can proceed with Sydney land sale
Real Estate 2025-06-03 11:15 pm By Andy Sidler

Developer Castle Group can move ahead with its purchase of a block of land in south west Sydney, with a court finding that purchasers of off-the-plan lots have no present interest that can defeat Castle’s right. 

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