Real Estate

The owners of land acquired to build the Mordialloc Freeway have lost a bid for $52.8 million in compensation, with an appeals court affirming that they are only entitled to $2.24 million because of prior compensation paid on the land.

Property investment manager and developer Centennial has scooped up an A-grade office tower in Adelaide's Pirie Street precinct for $50.5 million.

Global entertainment giant Live Nation has acquired a Perth warehouse which it promises to transform into a world-class live music venue in about a year. 

The owner of an Engadine site being developed into an apartment complex has been sued by the project's builder, who seeks over $2 million in allegedly unpaid progress payments as well as damages for breach of contract. 

A class action by investors in a Melbourne apartment develpment has resolved for $2.6 million, but the law firm bringing the case will take a haircut on its fees after group members ignored calls to contribute to the costs.

The National Storage REIT will continue its partnership with Singaporean sovereign wealth fund GIC to invest in a second round of development assets, the ASX-listed trust said Wednesday.

Developer Castle Group can move ahead with its purchase of a block of land in south west Sydney, with a court finding that purchasers of off-the-plan lots have no present interest that can defeat Castle’s right. 

Real estate debt asset manager Madigan Capital has closed a $625 million loan to fund the development of a 580,000sqm industrial estate in Western Sydney.

A bid by the parties for the court to determine legal costs in a successful case over the $55 million sale of a Queensland shopping centre has left a judge scratching his head.

A charitable trust of the late artist Martin Sharp, known for designing album cover art for Eric Clapton, can sell his $33 million home to the neighbouring Cranbrook, despite having expressed "animus" towards the prestigious private school, a judge has said.