Real Estate

New rules requiring strata managers to disclose conflicts of interests and kickbacks to owners have come into effect in New South Wales.

A developer is on the hook for $2.6 million after a court found he misappropriated a tax refund associated with a scheme to develop property in Spring Farm, NSW and put it towards a luxury Sydney home in his wife’s name. 

Law firm Colin Biggers & Paisley has appointed a former Lander & Rogers consultant to lead its property insurance team.

A Sydney premium property developer has been slapped with a freezing order that prohibits it from disposing of assets over $10.6 million as it faces a defects suit from the owners corporation of a Milsons Point tower.

Real estate fund manager Charter Hall has paid $47 million to purchase a Clinipath Pathology lab in Perth, bolstering its social infrastructure investment trust.

A class action has been filed against a NSW luxury developer and a local council by property owners alleging the land selected for a 683-lot project was unfit for residential development.

Defunct Westpac mortgage broker RAMS has reached a settlement in a trade mark stoush with fund manager Real Asset Management.

Commercial property firm DTZ Worldwide has lost its bid for $243 million in damages related to its acquisition of United Group from UGL Limited over United's alleged failure to disclose that a key contract was “loss-making”. 

Singapore real estate asset manager CapitaLand is still looking for an executive accused of stealing $2.7 million, eight months after securing freezing orders against him, a court has heard.

A state parliament inquiry is underway into the supply of homes in regional Victoria amid a critical housing shortage.