Real Estate

Self-storage investor National Storage REIT has acquired a stake in rival Abacus Storage Kings, which is currently mulling a $1.9 billion takeover offer from a rival.

The High Court has been asked to weigh in on when a court should step in when the machinery governing the entitlement to payments in a contract breaks down, in a dispute between luxury home builder Glenvill and Amcor over asbestos remediation at an industrial site in the Melbourne suburb of Alphington.

WhatsApp messages are allowed in as evidence in the ATO's case against an ex-EY partner over an alleged tax exploitation scheme for clients that included developer Novce Grujoski.

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.