Real Estate

Ingenia Communities has rejected a $1.9 billion unsolicited takeover offer from private equity firm Warburg Pincus, saying it undervalues the company.

A fight over the sale of Dexus' shares in Melbourne Airport operator APAC “may well” go to the High Court, a judge said Friday, as the infrastructure asset manager tells the court the sale may be in the “many billions of dollars".

A group of owners at The Towers in Elizabeth Quay has sued Hong Kong-based developer Far East Consortium over alleged defects in the building. 

A contradictor will weigh in on an $18 million settlement in a class action by Sydney homeowners, even though the funder and law firm have agreed to a cut from their deductions, which would have left just 20 per cent of the settlement for group members.

A director of Forte Sydney Constructions says she chased iProsperity "every day" for $6 million in unpaid construction costs for a Ryde residential project, as trial kicks off in a case by the defunct developer's liquidator.

Carroll & O’Dea Lawyers has brought on a partner and his team from Herro Soliciors to expand its commercial property and leasing practices. 

An appeals court has found that a judge misapprehended the Evidence Act by saying the legal team in a dispute over $100 million in land may be complicit in obtaining evidence unlawfully, and that there was no need for the lawyers to withdraw from the case. 

Singapore-based Hoi Hup Realty has marked its foray into the Australian property market with the $201.8 million purchase of Four Points by Sheraton in Chippendale, Sydney.

Charter Hall has picked up three industrial and logistics assets in South East Queensland, including an Australia Post distribution centre, for $192.4 million.

A billionaire Chinese property developer who has been exiled from Australia owes nearly $30 million to an investor who sank $20 million into the Eastwood Shopping Centre, which the developer sold for $155 million in 2021.