Real Estate

Following a $750 million float earlier this month, luxury retirement resort operator GemLife Communities has completed the first stage of a planned $270 million acquisition of land lease company Aliria's development portfolio.

A Federal Court judge has grilled a lawyer representing an investor that is suing the developers of a Melbourne apartment block over his client's failure to file evidence for 18 months.

Dexus has purchased a 10,000 square metre warehouse in Sydney’s West for $40 million and announced plans to divest office assets in Brisbane.

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.