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Construction PRO
SIXT sues Darwin, Alice Springs airports, alleging $1.9M in rent overpayments
Transportation & Infrastructure 2025-08-05 11:00 pm By Andy Sidler

German car hire company SIXT has sued Darwin International and Alice Springs airports for $1.9 million, alleging its lease arrangements with the airports did not allow for rent reductions. 

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Centuria Capital pays $216M for Port Adelaide Distribution Centre
Real Estate 2025-08-05 11:57 pm By Cat Fredenburgh

Centuria Capital has snapped up the Port Adelaide Distribution Centre for $216 million, calling it a “rare opportunity” surrounded by a host of positive economic indicators.

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Park Hyatt Melbourne sold to KS Hotels in largest hotel deal this year
Real Estate 2025-08-05 11:43 pm By Christine Caulfield

Melbourne’s Park Hyatt Hotel has been sold to Thai group KS Hotels for a reported $200 million, in Australia’s biggest hotel deal of the year so far.

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Cadence Property buys up nine Port Melbourne industrial units
Real Estate 2025-08-05 11:52 pm By Andy Sidler

Melbourne property group Cadence Property has bought up a 1.7 hectare corner industrial site located in Fishermans Bend in Port Melbourne.

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Construction PRO
‘Enough is enough’: Lederer Group launches takeover bid for Elanor Funds
Real Estate 2025-08-04 11:56 pm By Cat Fredenburgh

Lederer Group, the family trust of billionaire Paul Lederer, has launched a $285 million takeover bid for commercial property fund Elanor Funds Management, telling investors “enough is enough” and that it was time for a change.

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Construction PRO
Judge won’t force sale of $23M Footscray logistics site
Real Estate 2025-08-04 11:18 pm By Cindy Cameronne

A judge has refused to force the sale of a Footscray property used for logistics services, estimated to be worth $23 million, saying an agreement by the co-owners to sell it by a deadline could no longer be performed. 

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India’s Oyo buys rental property manager MadeComfy
Real Estate 2025-08-04 11:56 pm By Cat Fredenburgh

Rental property manager MadeComfy has been acquired by Indian hospitality company Oyo in a deal worth $50 million. 

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Construction PRO
Sydney suburban gym wins $10 in appeal over lease with new owner
Real Estate 2025-08-04 11:30 pm By Cindy Cameronne

The operator of a gym previously inside a Bankstown RSL club has scored a partial win on appeal against its new landlord, but has only received nominal damages of $10. 

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Construction PRO
Charter Hall can respond to Pitt St developer’s reply evidence in $100M suit
Construction 2025-08-01 11:47 pm By Cindy Cameronne

A judge has allowed Charter Hall to respond to developer Pro-Invest’s expert evidence in a case claiming $100 million in damages for the lost opportunity to build a 26-storey hotel in the Sydney CBD. 

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Construction PRO
Star Entertainment’s plan to exit Queen’s Wharf venture collapses
Real Estate 2025-08-01 11:56 pm By Cat Fredenburgh

Star Entertainment will be on the hook for $41 million to its Queen’s Wharf partners after an agreement to sell its stake in the Brisbane entertainment venture fell through.

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