Retail

The co-owners of the Pacific Werribee shopping centre in Victoria are seeking to join collapsed builder Probuild’s primary insurer AIG and several excess insurers to their case over $356 million in alleged defects.

Property giant Dexus has acquired a 25 per cent stake in Australia’s second-largest regional shopping centre from Scentre for $683 million.

Luxury retailer Louis Vuitton has disclosed a recent data breach has affected Australian customers, exposing personal information such as name, birth date, consumer preferences and contact details.

JB Hi-Fi wants an advance ruling in a class action on the period of cover provided to customers for breach of statutory guarantees under the consumer law, a question that has never been addressed by the courts.

Investment firm Alceon and retail consultancy Aktiv have acquired major Gold Coast shopping centre The Strand Coolongatta for $142 million, with plans to upgrade the site.

The infrastructure investment arm of Chinese e-commerce giant JD.com has entered the Australian industrial property market with the acquisition of a large distribution center in Brisbane.

Property investment firm Charter Hall has sold its Bunnings Warehouse in the southeast Melbourne suburb of Clyde North for $44 million, in an off-market deal that reinforces the strength of retail real estate.

A lawyer acting for two senior Super Retail Group employees presented a PowerPoint to solicitors for the company on the damage to its share price if his clients' allegations went public, court filings say.

Fawkner Property Group has acquired a shopping centre in Far North Queensland for $34 million, its third recent shopping centre purchase in the region.

Retailer The Good Guys has agreed to pay $13.5 million in ACCC proceedings alleging it made misleading statements about store credit.