Australia’s largest super fund has launched a new real estate asset platform in the UK, aiming to be one of the country’s top rental home operators in the next five years.
Mutual company Australian Unity has sold the Greensborough Medical Centre and Day Hospital in Victoria to the Property Advisory for $32.5 million.
The Queensland government has plans to revamp one of Brisbane’s last riverfront industrial sites into a vibrant mixed-use precinct, with promenades, entertainment spaces and 4,000 homes.
The former human resources head for JLL in Australia is set to sue her former employer after she was allegedly sacked while on leave despite never being told she was under investigation.
Leases and certain other land acquisitions will be exempt from the new mandatory merger control regime, in changes announced this week following feedback arising out of the transitional, voluntary phase.
Adelaide’s historic 150 Rundle Mall has been sold for $10.85 million to National Retail Group, with plans for a large-scale refurbishment.
Commercial real estate firm JLL has been sued by two sacked executives who say their reputations were tarred by “highly misleading” statements about an investigation into misconduct at the firm.
The High Court has approved the imposition of additional land tax on non-residents and foreign-owned entities, finding that the Commonwealth government had the power to limit the application of international tax agreements.
Realside Rundle Square wants a preliminary question on a term in its lease heard first in a suit against M3Property and a valuer alleging tenants of Adelaide’s Rundle Mall in Adelaide have been overcharged for rent since 2006 due to valuation flaws.
Brookfield Properties has admitted that it failed to follow procedures on consultation and redeployment when it made a senior manager redundant when she was on parental leave.