Real Estate

A Dexus property fund has argued that a judge went the “wrong way” in deciding that it was forced to sell its 50 per cent stake in Sydney’s largest suburban shopping centre to Macquarie Retail. 

A former Cushman & Wakefield managing director has filed proceedings alleging the commercial real estate broker unfairly terminated his employment to prevent him from keeping a $1.5 million sign-on bonus.

Domain has announced it will recommend shareholders vote to approve a takeover by US real estate company CoStar that values the real estate listing site at $2.8 billion.

Lendlease has lost its bid to allow a key witness to give evidence by audio-visual link in its fight with a company owned by the Macarthur-Onslow family over a Campbelltown development.

Real estate manager Centuria Capital has bought two warehouses in Perth for $38.6 million through its Centuria Select Opportunities Fund.

US real estate company CoStar has made a second offer to buy real estate listing site Domain, upping its offer price by more than 5 per cent.

Family-owned real estate group Coronis has successfully challenged the tax office on a $5 million alleged shortfall, with a judge finding service fees paid to two companies in the group were deductible.  

A judge has refused a late-stage bid to strike out Brisbane Airport's lawsuit against lessee AirServices Australia claiming $17.3 million in damage from PFAS contamination caused by its use of firefighting foam.

Star has extended the exclusivity period for a potential $940 million refinancing deal with Salter Brothers as the struggling casino operator races to head off insolvency.

Victoria's State Revenue Office must pay the bulk of costs incurred by shopping centre landlord Vicinity in a successful challenge to $82.5 million in stamp duty slapped on land occupied by Myer and Emporium in Melbourne's city centre.