Real Estate

Cromwell Property Group has said it will cost $200 million to develop an office building in Canberra which will be leased to an unnamed federal government agency.

Abacus Storage Kings has a received a $2.2 billion takeover offer from a consortium of Ki Corporation, the family office of South African businessman Nathan Kirsh, and New York Stock Exchange-listed Public Storage, after rejecting a $1.9 billion offer in May.

Lendlease has been chosen to manage real estate investment for Malaysia's biggest public sector superannuation fund, even as it reportedly faces a fight to retain control of investment dollarsfor Australia's super giants.

A court has described a plan to demolish a 32-room boarding house for the construction of four luxury residences in Paddington as an "unacceptable loss" of affordable housing in inner-city Sydney.

Private equity real estate firm AsheMorgan has snapped up two industrial properties, paying a reported $33.5 million for a logistics hub in Melbourne and $20.5 million for another in Brisbane.

Real estate portals Domain and REA Group have settled a lawsuit that alleged Domain scraped photos and floorplans from REA's exclusive listings for its property reports.

The NSW Land and Environment Court has blocked a developer’s controversial plan to demolish a 32-bedroom boarding house in Inner Sydney suburb of Paddington to develop four luxury residences.

A judge has allowed a Central Coast resident to weigh in on Optus’ challenge to a council's refusal to bless its plans to build a telecommunications tower, saying the council’s “commercial relationship” with the telco justified a contradictor.

The infrastructure investment arm of Chinese e-commerce giant JD.com has entered the Australian industrial property market with the acquisition of a large distribution center in Brisbane.

Retirement village operator Lifestyle Communities has foreshadowed an appeal after a tribunal ruled that exit fees charged to departing residents were void.