Real Estate

Commercial property firm DTZ Worldwide has lost its bid for $243 million in damages related to its acquisition of United Group from UGL Limited over United's alleged failure to disclose that a key contract was “loss-making”. 

Singapore real estate asset manager CapitaLand is still looking for an executive accused of stealing $2.7 million, eight months after securing freezing orders against him, a court has heard.

A state parliament inquiry is underway into the supply of homes in regional Victoria amid a critical housing shortage.

A judge has recused himself on the eve of trial from hearing a dispute between United Petroleum and Perth Airport over a lease and construction agreement, after revealing he had a relationship with one of the petrol chain's witnesses.

A judge has rejected an “ambitious and novel” freezing order sought by a creditor and former associate of bankrupt Graaf Group founder Gennaro Autore over a $22 million boutique hotel in Potts Point.

Law firm Maddocks has advised Simonds Group on its $10 million pick-up of Dennis Family Homes, an acquisition expected to generate $200 million in additional revenue for the homebuilder next year.

An advertising exec has won the green light to build a two-storey residence on Sydney’s Tamarama headland, despite the council’s concerns that ten stone “cocoon” structures will “loom over” the iconic Bondi to Bronte coastal walk. 

The former owner of 28 hectares of land in Western Sydney has sued Sydney Water, alleging it deliberately sought to prevent the sale of the property on the open market and disputing a $347 million valuation. 

Corrs Chambers Westgrath helped get Stockland's complex $1.06 billion acquisition of a dozen masterplanned community from Lendlease over the line late last year.

Westpoint Shopping Centre in Western Sydney has been sold for $900 million, in Australia's largest individual retail asset transaction.