Real Estate

ASX-listed Investment manager Regal Partners has acquired 50 per cent of real estate investment platform Ark Capital Partners, as well as a five-star luxury hotel in Adelaide for $75 million. 

Fawkner Property Group has acquired a shopping centre in Far North Queensland for $34 million, its third recent shopping centre purchase in the region.

The NSW Land and Environment Court has approved a plan to demolish an apartment building in the harbour-side Sydney suburb of Rushcutters Bay to make way for luxury apartments.

A dispute over a scuppered transaction between the director of collapsed Keystone and the owner of the Marriott Hotel in Venice has been settled.

Pub owner O’Hara Hotel Group has sold the Parkurst Tavern in Rockhampton to a privately owned Queensland pub group for a reported price of $24 million.

Russell Kennedy has bolstered its property practice, luring lawyers from Johnson Winter Slattery and Colin Biggers Paisley. 

The purported purchaser of two off-the-plan penthouses in a Newstead high-rise has won his suit against the developer, who sold the apartments to someone else for more than double the contract price.

The 12-storey corner office block overlooking the Victorian Supreme Court, which has housed Douglas Menzies Chambers since 1992, has been sold for a reported $23 million, with its barristers moving down the street. 

A Western Sydney developer must make good on an agreement to buy a rezoned greenfield site in regional NSW for $70 million and pay $2.2 million in interest, a judge has found. 

Specialist property and finance lawyer Emile McPhee has joined Hamilton Locke's national real estate markets team.