Real Estate

Centuria Capital has snapped up the Port Adelaide Distribution Centre for $216 million, calling it a "rare opportunity" surrounded by a host of positive economic indicators.

Melbourne's Park Hyatt Hotel has been sold to Thai group KS Hotels for a reported $200 million, in Australia's biggest hotel deal of the year so far.

Melbourne property group Cadence Property has bought up a 1.7 hectare corner industrial site located in Fishermans Bend in Port Melbourne.

Lederer Group, the family trust of billionaire Paul Lederer, has launched a $285 million takeover bid for commercial property fund Elanor Funds Management, telling investors "enough is enough" and that it was time for a change.

A judge has refused to force the sale of a Footscray property used for logistics services, estimated to be worth $23 million, saying an agreement by the co-owners to sell it by a deadline could no longer be performed. 

Rental property manager MadeComfy has been acquired by Indian hospitality company Oyo in a deal worth $50 million. 

The operator of a gym previously inside a Bankstown RSL club has scored a partial win on appeal against its new landlord, but has only received nominal damages of $10. 

A judge has allowed Charter Hall to respond to developer Pro-Invest’s expert evidence in a case claiming $100 million in damages for the lost opportunity to build a 26-storey hotel in the Sydney CBD. 

Star Entertainment will be on the hook for $41 million to its Queen's Wharf partners after an agreement to sell its stake in the Brisbane entertainment venture fell through.

An appeals court has declined to revive a negligence case against a solicitor accused by a former client of failing to advise him on key clauses in a rescinded $1.7 million sale contract.