Real Estate

Two Japanese real estate giants will partner with Lendlease on its plan to develop a $2.5 billion luxury apartment complex overlooking Sydney’s Hyde Park.

Real estate funds manager Carpe Diem has scooped up the 42-room UME Potts Point co-living apartment block in Sydney’s east.

Developers Stockland and John Boyd are teaming up to build a $3.5 billion logistics precinct at the site of 18.3-hectare Kogarah golf club near the Sydney Airport.

A judge has ordered the sales proceeds of Western Sydney properties linked to former Dyldam director Sam Fayad to be paid into court, saying there was an arguable case that the sales were intended to defraud creditors.

Retirement village operator Lifestyle Communities has secured a reprieve from a ruling that found its exit fee policy was unenforceable, but has said it won't spend the funds it collects while the stay is in place.

The liquidators of iProsperity Group want Crown to repay $55 million in company funds they say were gambled away by the real estate funds manager's directors.

Reflecting renewed interest in office assets, property investment company Charter Hall has launched a $147 million unlisted trust for investors to buy into two fully-tenanted office buildings in the ACT and Queensland.

Cromwell Property Group has sold its remaining 50 per cent stake in an office building in Sydney's Chatswood at the discount price of $87 million.

Russell Kennedy has lured a partner from Mills Oakley to join its Sydney commercial litigation and dispute resolution practice.

Property giant Dexus has acquired a 25 per cent stake in Australia’s second-largest regional shopping centre from Scentre for $683 million.