A Victorian shopping centre has been ordered to pay back $1.5 million to a company that broke a contract for a $30 million land sale.
Collapsed clothing brand Jeanswest has nearly $26 million in lease liabilities on stores nationwide, but buyers may bite, administrators have told the Federal Court.
Two soon-to-be consolidated class actions against Harvey Norman are fighting the retailer’s bid to appoint a costs referee, saying this was unnecessary given their plan to secure a group costs order.
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…
Adelaide real estate group Taplin has acquired the Kurralta Park Village shopping centre from Coles, with the supermarket giant reselling the site for a $1 million profit after just 2 years.
A judge has put off an application for a 30 per cent group costs order in a class action against JB Hi-Fi so law firm Maurice Blackburn can provide more detail about the proposed fee, which she said was “at the higher end”.
Newcastle council’s concerns about the street appeal of a Woolworths development have been brushed aside, with a court finding that reasonable minds may differ on the question of ‘high visual quality.’ On Tuesday, Justice John Robson of the NSW Land and Environment Court granted the development approval sought by Woolworths’ development unit Fabcot Pty Ltd,…
A franchisee class action against United Petroleum over alleged loss-making Pie Face stores has been ordered to hand over $3.7 million in security, with a judge finding it was not likely to stultify the class action.
Muffin Break franchisor Foodco has defeated a franchisee’s challenge to a ruling that put it on the hook for money owed under a rental agreement after the lease for the store at the Bayside Shopping Centre in Frankston was not renewed.
The competition regulator has signed off on Woolworths’ acquisition of chilled ready meals supplier Beak & Johnston, finding rival retailers would still have plenty of options for supplying ready meals.