Real Estate

The owners corporation for an apartment complex in the Melbourne suburb of St Kilda has lost its adverse possession claim over a tennis court mostly located on adjoining land, with a judge finding their use of the property was subject to a lease. 

A court has found that two of the three heirs to the owners of property investor Kurtz Group can continue to use the services of Arnold Bloch Leibler, finding no risk of conflict. 

A tribunal has refused to terminate a lease for a dairy farm in Raleigh, NSW and declined to order $500,000 in compensation over claims the tenants are responsible for deterioration in the property, including the “uncontrolled infestation” of a noxious weed. 

A Sydney developer who claims his solicitor provided faulty advice relating to a financing facility for a project that went into receivership has been granted access to documents from the lawyer.

Superannuation fund Australian Retirement Trust has acquired a 48.5 per cent interest in Mirvac's $1.7 billion build-to-rent fund.

A judge has recused herself from a case by liquidators for real estate investment firm Global Capital Property Fund against Point Bay Developments, after hearing the corporate regulator's application to wind up the fund.

The liquidators of Falcon Capital, which is suspected of having misused $450 million in investor funds, have sued a Melbourne property developer, claiming he knowingly assisted Falcon to loan millions in trust money in a “dishonest and fraudulent design”. 

The ACCC has given Coles the green light to acquire two leasehold interests to launch new supermarkets in Melbourne's rapidly developing west after the supermarket giant agreed to divest its ownership and interest in its Kororoit Town Centre site.

The liquidators of a defunct developer FSM have lost their bid to access unredacted copies of emails between Ray White Capital and King & Wood Mallesons.

The publisher of The Australian has hit back at a defamation case by a former JLL executive, saying it was substantially true that he fondled a drunk junior female colleague's breast at a strip club.