Real Estate

Fresh guidance by the peak legal body in NSW in response to major developments in climate law impacts lawyers advising on real estate deals, who face potential negligence claims for failing to warn clients of the emerging risks.

Sydney developer Fortis has snapped up a vacant site in Brisbane for $37.5 million for a planned residential development.

Victoria's student housing pipeline has surpassed NSW, but most projects are still at the approval stage, according to a Property Council report which expressed concerns the state's land taxes are slowing development.

Private hospitality group Oscars has paid $30 million for a Lendlease commercial and retail development in the harbour precinct of Barangaroo.

Retirement village operator Lifestyle Communities has sold a parcel of land at its Ocean Grove site in Victoria for $46.2 million. 

The real estate division of investment bank Macquarie has made its foray into the land lease industry, with a plan to deliver thousands of homes on Australia's east coast through a new platform.

Charter Hall has expanded its convenience retail portfolio, acquiring the Chullora Marketplace 14 kilometers southwest of Sydney's CBD for $145 million.

Johnson Winter Slattery has lured a real estate partner with 15 years of experience from Mills Oakley.

Lander & Rogers is relocating its Sydney office from Pitt Street to a reimagined 33 Alfred Street in Circular Quay, reflecting the law firm's growth in the city's legal market.

The High Court has been asked to clarify the jurisdictional reach of the Victoria Supreme Court to hear planning disputes, in a spat between the state and supermarket operator IGA.