Real Estate

The liquidators for landbanking company Aviation 3030 can recover half of a $3.4 million landholder duty from a former director, after a judge found they reaped benefits from indirect ownership in land sold for $135 million in 2018. 

Property fund manager GPT Group has announced it will increase its stake in Melbourne’s Highpoint Shopping Centre to 25 per cent in a $204.6 million transaction.

A judge has rejected green developer Kingshill’s development application for an “ecologically sustainable” 1,900 residential lot concept in Port Stephens, upholding findings that it could have significant impacts on local wildlife.

The owners of One Central Park in Sydney have struck a deal with the NSW government for more time to replace its Aluminium Composite Panel cladding, which has been largely banned due to fire risk. 

The valuer general of Victoria has told the High Court that a property in Melbourne's CBD should be valued at $6.2 million rather than $2.9 million, despite a heritage constraint on development. 

Tasmanian Ports had a right to kick wood pellets manufacturer Resources Australasia off leased property after it erected an awning structure without permission, a court has found.

Developer Schofields has won $20 million from the New South Wales government after the state failed to provide an easement or road access to land it owned for more than two years after acquiring a neighbouring lot. 

US property firm Greystar is acquiring a portfolio of student accommodations worth $1.6 billion, one of the largest deals of its kind in the Australian market. 

Commercial tenants of Quest Dockland’s Bourke Street apartment complex have filed proceedings against 45 landlords, claiming their requests for rent relief during the COVID-19 pandemic were ignored. 

Real estate company Flemington Properties has won $5 million from Ausgrid in a commercial rent dispute, with a judge finding the state corporation was effectively asking the court to rewrite the parties’ agreement.