A judge has criticised the liquidators of a collapsed luxury homes business for a three-month delay in seeking court approval for a litigation funding agreement, warning other liquidators that they should apply for funding in advance.
Airport operator Australia Pacific Airports Corporation has won its bid to delay an upcoming trial in a dispute with Dexus over alleged breaches of a shareholder deed, after the real estate asset manager discovered 20,000 documents only last week.
GPT Group will put down $850 million for a 50 per cent interest in the Grosvenor Place office tower in Sydney’s CBD, amid an improved outlook for the country’s official fundamentals.
A property developer has won its challenge to a VCAT decision that tanked its subdivision plans, with an appeals court accepting its argument that the decision was “seriously illogical”.
A&O Shearman has poached a Squire Patton Boggs partner to build a dedicated real estate practice in Australia.
Lendlease has reportedly sold the $900 million Erina Fair shopping centre on NSW’s Central Coast, one of the assets that formed part of an unlisted fund the real estate giant has fought to maintain control over.
IP boutique Davies Collison Cave has brought proceedings against its Melbourne landlord at the Orica House, seeking a declaration that it has not abandoned its lease.
An upscale health and wellness facility in Melbourne’s eastern suburbs has been sold to a private investor for $24.65 million.
Queensland developer Cav Gasworks is facing a suit by a purchaser of an ‘off-the-plan’ apartment, after being ordered to pay $10.3 million for using a sunset clause to renege on an agreement with another buyer in the luxury Newstead high-rise.
Australian real estate is bouncing back, with returns expected in the 7 to 9 per cent range over the next year, after a period of contraction triggered by an interest rate spike, according to new research.