Real Estate

R&F Property has sold a 2.99 hectare vacant site in central Melbourne to a local developer, with an approved development plan for over 1,200 dwellings. 

An independent report into Netstrata has found numerous alleged conflicts of interest and accuses the strata management company of a failure to disclose commissions from contractors.

A judge has rejected AirServices bid for a separate hearing on whether it was required to manage environmental issues outside of its leased site at the Launceston Airport in Tasmania.

An appeals court has found water infrastructure investor Conexa liable to pay land duty on a $46 million Sydney pipeline it acquired as part of a blockbuster deal with Rosehill.

ASX-listed Region Group has sold East Warrnambool Shopping Centre in Victoria for over $20 million in an off-market sale, underscoring investor interest in retail assets.

The Douglas Menzies Chambers in Melbourne’s CBD is expected to fetch $25 million, as the iconic legal offices are opened up for sale for the first time in over 30 years.

Gold producer Black Cat has acquired Westgold’s Lakewood processing facility located just outside Kalgoorlie for $85 million. 

Renewable energy company Amp Energy has requested more time to exercise its option to purchase land in South Australia for the development of its Cape Hardy advanced fuels precinct.

Nine-owned Australian property marketplace Domain is weighing up a $2.7 billion cash takeover offer from US-based CoStar Group, which snapped up a 16.9 per cent share in the company on Thursday.

ASX-listed Stockland has secured two new logistics deals with global investment firm KKR and property investor M&G Real Estate worth a total of $800 million.