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.
Online mattress retailer Emma Sleep has admitted to misleading consumers about the sale price for mattresses, but a court has found its German parent company is not on the hook because its executives did not give directions to the Australian unit.
Entertainment giant EVT has put its landmark Sydney CBD Event Cinemas complex on the market.
A bid by the parties for the court to determine legal costs in a successful case over the $55 million sale of a Queensland shopping centre has left a judge scratching his head.
The ACCC has raised concerns about the proposed acquisition by ASX-listed Elders of Delta Agribusiness, saying it could reduce competition in agriculture products.