Real Estate

Property group AVJennings has accepted a trimmed $365 million takeover offer from private equity-backed AVID Property after failing to receive a binding offer from Singaporean developer Ho Bee Land.

Japanese property group Daibiru Corporation has made its second investment in Sydney, acquiring a CBD office tower from real estate investment manager Investa.

Western Australia and its public housing landlord have hit back at a class action alleging Indigenous people in remote communities were overcharged for substandard public housing.

A former Cushman & Wakefield managing director has sued the commercial real estate broker, alleging he was unfairly terminated to prevent him from keeping a $1.5 million sign-on bonus.

A Dexus property fund has argued that a judge went the “wrong way” in deciding that it was forced to sell its 50 per cent stake in Sydney’s largest suburban shopping centre to Macquarie Retail. 

A former Cushman & Wakefield managing director has filed proceedings alleging the commercial real estate broker unfairly terminated his employment to prevent him from keeping a $1.5 million sign-on bonus.

Domain has announced it will recommend shareholders vote to approve a takeover by US real estate company CoStar that values the real estate listing site at $2.8 billion.

Lendlease has lost its bid to allow a key witness to give evidence by audio-visual link in its fight with a company owned by the Macarthur-Onslow family over a Campbelltown development.

Real estate manager Centuria Capital has bought two warehouses in Perth for $38.6 million through its Centuria Select Opportunities Fund.

US real estate company CoStar has made a second offer to buy real estate listing site Domain, upping its offer price by more than 5 per cent.