Frasers Property Industrial and Morgan Stanley Real Estate Investing have established a 50-50 joint industrial property venture in Australia valued at $600 million.
Retail property investor Region Group has sold the Greystanes Shopping Centre in western Sydney for $76 million.
Clayton Utz has become the latest tenant in a new commercial precinct under development in Canberra’s CBD.
Real estate landlord Dexus is suing South Australia’s medical research insitute for failing to execute on 30-year leases to occupy Adelaide’s Australian Bragg Centre, despite “repeated demands”.
Property developer HYG has been given the green light by a court to build the next stage of a masterplanned community in Western Sydney.
Sydney City Council has been ordered by a court to produce documents in a legal battle with a property developer seeking to convert a Paddington boarding house into luxury residences.
An appeals court has rejected Dexus’ challenge to a finding that it must sell its 50 per cent stake in Sydney’s largest suburban shopping centre to Macquarie Retail, saying its arguments contradicted the “evident commercial purpose” of the contracts at issue.
A judge has allowed Perth Airport to amend its case against sublessee Airservices over alleged groundwater contamination from the use of firefighting foam, finding that allowing the airport to describe PFAS chemicals as “potentially toxic” would not render the case ambiguous.
Herberts Smith Freehills has bolstered its real estate group, snagging a Corrs Chambers Westgarth partner with expertise in complex real estate transactions.
Real estate investment manager Salter Brothers has resolved a spat with XL Insurance over more than $6 million in costs incurred in successfully defending itself in lawsuits by three clients.