Charter Hall has acquired the Burwood One shopping centre in Melbourne’s east for $210 million, just days after snapping up a triple-supermarket-anchored shopping destination in Queensland.
Special purpose liquidators have been appointed to failed clothing retailer Mosaic Brands, after a judge found a reasonable apprehension of bias arising from liquidator Vaughan Strawbridge’s former link to Deloitte.
Woolworths has been hit with a shareholder class action for underpaying workers hundred of millions of dollars, with investors alleging the supermarket giant issued inflated financial statements by failing to account for proper staff remuneration.
Charter Hall has acquired the Southport Park shopping centre in Queensland from billionaire John Van Lieshout for $152.5 million.
Jewellery chain Lovisa has avoided an early mediation in an underpayments class action, after slamming it as an invitation to “pay money to make the case go away”.
MA Financial Group has added Hyperdome Town Centre to its real estate portfolio, acquiring the South-East Queensland shopping complex from QIC for $678.7 million.
The Fair Work Commission has allowed a former Lovisa worker to file an unfair dismissal claim out of time, finding that an error by her lawyer constituted an exceptional circumstance.
Hong Kong-based Link REIT has made a play to acquire three of five Lendlease shopping centre assets that comprise a $2.9 billion property fund that are being sold down amid a slew of redemption requests.
Harvey Norman says it should be fined no more than $24 million for running misleading ads, urging a court not to punish it for “intemperate” remarks its founder made in the media about the legal system.
ASIC on Thursday pushed for penalties totalling $85 million against Harvey Norman and Latitude Finance, after an appeals court found the retailer’s ads touting interest-free financing were misleading.