Real Estate

A receiver for collapsed developer Crown Group has sold the Sky Suites Sydney Hotel for a reported $68 million to a Singapore-based company.

Real estate fund manager Dexus has sued wealth management firm AMP following a decision forcing it to sell its half of the $1.7 billion Macquarie Shopping Centre.

A luxury Aqualand development in Milsons Point can't undo a $10.6 million freezing order granted to the owners corporation to address the risk that funds would be unavailable to meet its claim for damages to remedy alleged defects. 

Fund manager Realside and other leaseholders have launched proceedings against M3Property and a valuer, alleging tenants of Rundle Mall in Adelaide have been overcharged for rent since 2006 as a result of consistently flawed valuations. 

Lendlease has filed an appeal after it failed in its bid to enforce a $120 million purchase agreement for five plots of land in Campbelltown, in a high-stakes challenge set to be heard later this year. 

The Belmont Citi Shopping Centre has changed hands after 27 years, with a private investor scooping up the popular NSW shopping destination for $40 million. 

A six-storey shopping centre in Melbourne’s CBD has been snatched up for $80.1 million by a private investor.

Hong Kong-based investors Chow Tai Fook Enterprises and Far East Consortium plan to terminate a $53 million agreement to buy out Star Entertainment's stake in the Queen’s Wharf entertainment project in Brisbane.

Under proposed reforms to NSW tenancy laws, businesses that publish misleading photographs of rental penalties will face penalties of up to $22,000 and face new requirements for securing renters' personal data.

Jones Day has lured a real estate expert from Clayton Utz to join its Brisbane office as a partner.