Real Estate

The owners of luxury fashion department store Harrolds are facing a $10 million lawsuit over alleged unpaid rent on the business' flagship Collins Street store in Melbourne.

Budget supermarket Aldi has won its appeal of a tribunal decision which found that upper limits on rental increases fell afoul of the Retail Leases Act.

Tokyo-based Sumitomo Corporation has taken its first step into the Australian residential market, partnering with developer Mirvac on a housing development in Sydney’s northwest that is expected to generate $830 million in sales.

Property investment giant Charter Hall Group has completed one of the largest green loan transactions in Australia’s real estate sector, securing $3.35 billion in green loan facilities for its office building fund.

A former Dentons property partner claims he lost the opportunity for promotion when he was forced to resign, but the firm argues his own misconduct put paid to his prospects of joining the equity ranks.

Developer Time & Place has acquired historic Surry Hills building Marlborough House for $110 million with the help of billionaire James Packer’s property investment company NPACT.

Law firm Lander & Rogers has advised property investment company JY Group on its successful $135.5 million bid for a 50 per cent stake in Sydney shopping centre Warriewood Square.

The owners of Australian fashion label Alemais have lost their bid to flip a historic Paddington pub into a retail shopfront, with a court accepting evidence about the pub’s contribution to Sydney’s “social fabric”.

A Bechara family-affiliated builder and developer of a 99-lot residential building in a Sydney suburb have avoided liability for $3 million in fire safety rectification costs.

A court has found that investment mentoring firm The Property Mentors made misleading statements to investors about the estimated timeframe and returns of a failed development in Perth.