Real Estate

A settlement has been reached in a class action on behalf of people who purchased off-the-plan homes in the Clydesdale Estate in north-west Sydney.

Property fund manager CorVal has sold off the balance of the Gold Coast Corporate Centre in Bundall for $109 million, in the city's largest ever office deal.

A judge has rejected Parkview Constructions' bid to tweak its cross-claims in a lawsuit over alleged combustible cladding at the Australia Towers in Sydney Olympic Park. 

Property management company GPT group and Canadian-owned QuadReal property group have announced a $1 billion logistics joint venture.

A judge has refused to stay a lease dispute between landlord Dexus and South Australia's premium medical research centre in favour of a contractual dispute resolution mechanism, saying it would be “unjust” to deprive Dexus of a court hearing.

A federal competition claim by the owner of a lot in the Merrifield Business Park masterplanned community over a restrictive covenant preventing it from leasing the land will be decided by a state court.

Melbourne developer Dahua has filed proceedings against a furniture company claiming it is owed $3.4 million in unpaid invoices and development fees for a luxury residential development in Hawthorn. 

Explosives company Dyno Nobel has entered into a $194 million contract to divest land on Gibson Island in Brisbane, reportedly selling the site to property investment giant Goodman Group. 

Ashurst has relocated its Sydney office to 39 Martin Place, creating a work space across eight sprawling floors that features flexible and collaborative work arrangement and dedicated client floors.

Castle Group has acquired a 41.32 hectare landholding in Western Sydney's Austral region for $119.5 million.