M&A

A five-story office building in East Perth that has held a long-term lease with the government of Western Australia has sold for $10 million. 

Alternative investment manager Barings is leading a consortium that has agreed to acquire Melbourne's Moorabbin airport for $1.5 billion. 

US drug maker Cosette is appealing a judge’s decision not to disqualify himself from Mayne Pharma's lawsuit seeking damages over the termination of their $672 million if he is appointed to case manage the dispute. 

Commercial construction company Shape Australia has made its second acquisition of a retail fitout company in five months, putting down $29.4 million for Australian Professional Shopfitters.

Two bidders are vying to acquire troubled steelmaking facility Whyalla Steelworks in South Australia, beating out more than 70 competitors.

Property giant Frasers has offloaded the Burwood Brickworks shopping centre in Victoria, fetching $107 million for the award-winning shopping destination in the affluent eastern suburbs of Melbourne. 

It ditched a planned $627 million union, now US drug maker Cosette must pay more than $13 million toward Mayne Pharma's costs of the legal fallout. Whether it owes the "substantial damages" Mayne is claiming is an issue for another day.

Investment management company Gateway Capital has acquired an industrial property in Western Sydney from US-based real estate platform Greystar for a reported $78 million. 

Vicinity Centres will pay $400 million to acquire the Eastern Creek Quarter retail precinct in Western Sydney from Frasers Property. 

Mayne Pharma cannot access invoices from Cosette’s solicitors at Corrs Chambers Westgarth, with a judge saying he was not hopeful that they would help to resolve a costs fight related to litigation over their collapsed $672 million merger.