Real Estate

Lender WholeCap has lost its bid for a “break fee” and $430,000 in legal costs billed by King & Wood Mallesons associated with a term sheet for a proposed $66.1 million loan to a Harbour Land entity.

Charter Hall has forked over $146 million for the Corio Village Shopping Centre in the Geelong suburb of Corio.

Property developer Mirvac has successfully challenged the land tax valuation of a North Sydney office block, securing a $6.25 million reduction following a conciliation conference with the Valuer General of NSW.

Real estate investment firms Dexus and Ho-Group have convinced the valuer general of NSW to knock roughly $26 million off its initial valuation of a Sydney office sold by Ho-Group last year that was used in a land tax assessment. 

Property giant Mirvac Group is in talks with a potential capital partner for its Harbourside development in Sydney, as it progresses construction on the major waterfront project.

Property investor Harry Stamoulis is reportedly in talks to buy an office tower on Melbourne's Collins Street for $200 million.

Sydney's landmark Crystal Palace Hotel has been sold after 45 years to Feros family-owned JDA Hotels.

A judge has ruled WhatsApp messages are admissible as tendency evidence in the ATO's case against an ex-EY partner over an alleged tax exploitation scheme.

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.