Real Estate

A Qube unit and a developer have lost their $20 million claim alleging the Department of Defence failed to properly address asbestos contamination on leased land which was redeveloped into a terminal facility in Moorebank. 

Dexus' denial of a breach of confidentiality in a battle with co-owners of airport operator APAC is unlikely to hold up, a judge has said, and what appears to have been done can't be undone. What the high-stakes row will come down to, he says, is materiality.

ASX-listed MA Financial will acquire shopping centre-focused real estate investment manager IP Generation for $90.4 million.

Major industrial landlord Centuria Capital and US-based real estate investment manager BGO have joined forces to break into the tightly held Western Sydney industrial land market, buying out 45,000 square metres of warehouse space in an off-market sale. 

Sydney pub the Agincourt Hotel, the home of Club 871 and live entertainment venue The Alley, has been sold to an investor group with plans to refurbish. 

Real estate assets manager Dexus has won a court injunction against the forced sale of its shares in the company that operates Melbourne and Launceston Airports after allegations of confidentiality breaches.

The prospective developer of the Hyde Park Inn site in Sydney is appealing a decision which rejected its bid to delay a $95 million payment to the NSW Returned Service League to settle the sale. 

The NSW Land and Environment Court has signed off on a land valuation agreed to between real estate investment manager Investa and the Valuer General for the site of the Coca-Cola Place tower in North Sydney.

A judge has rejected Parkview Constructions' bid to tweak its cross-claims in a lawsuit over alleged combustible cladding at the Australia Towers in Sydney Olympic Park. 

Property management company GPT group and Canadian-owned QuadReal property group have announced a $1 billion logistics joint venture.