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.
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.
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.
Castle Group has acquired a 41.32 hectare landholding in Western Sydney’s Austral region for $119.5 million.
Rugby team the Sydney Roosters has purchased a 26-room UKO co-living apartment block in Paddington in Sydney’s east.
Real estate funds manager Centuria has acquired a $33 million warehouse in Melbourne’s west, as part of its partnership with US private investment firm Starwood Capital.
Property investor ISPT has snapped up a 2.9 hectare shopping plaza in the Townsville suburb of Burdell, anticipating major growth in the area. On Thursday ISPT announced it had acquired Woolworths-anchored shopping precinct North Shore Marketplace from property fund manager Clarence Property, in an off-market deal through its retail property trust, IRAPT. ISPT fund manager…
A developer seeking to redevelop the site of the Hyde Park Inn has lost its bid for an extra 15 months to pay up over $95 million to the NSW branch of the RSL to settle the purchase, but a judge has handed it a win in the process for determining the final price tag for the deal.