Real Estate

The state of Victoria can't set aside a liquidator's disclaimer over hazardous waste in a property rented by collapsed marine safety flooring company Fordex, with a judge finding the landlord's rights over the property and waste were not terminated by the disclaimer.

Muffin Break franchisor Foodco has defeated a franchisee's challenge to a ruling that put it on the hook for money owed under a rental agreement after the lease for the store at the Bayside Shopping Centre in Frankston was not renewed.

A survey of Property Council of Australia members has found optimism in the industry has improved, but concerns about housing supply remained a concern.

Mills Oakley has hired two new partners for its financial services and national property teams.

A Sydney lawyer has been hit with a one-year ban after a tribunal found he acted in a personal capacity for a friend in a $70 million property deal but falsely represented that he was acting for his employer.

KordaMentha has filed a lawsuit to force Sanjeev Gupta's GFG Alliance to turn over the port at OneSteel's Whyalla plant in South Australia, arguing the court should doubt a GFG unit's claims to a lease for the port.

Lendlease has lost a lawsuit seeking to enforce a $120 million purchase agreement for five properties in Campbelltown, with a judge finding its failure to meet the conditions of sale for one key property meant the deal was off.

A unit of Capital Property Group, which owns the Denman Prospect shopping centre in Canberra, has won its bid for subpoenas from lease holders that are fighting its opposition to their plans to sell their businesses.

AVID Residential has secured approval for a 300-lot development in Chisholm, NSW, following an appeal of a deemed refusal by the Maitland City Council.

JB Asset Management has clawed back $3 million from a scuttled real estate deal involving LBA Capital, almost a year after LBA’s director was jailed for fraud.