A court has appointed provisional liquidators to Melbourne developer Lion Property Group after hearing that $120 million of investor money was not properly accounted for.
Consolidated Properties Group has acquired the last remaining riverfront development site in the Brisbane suburb of Newstead for $64.5 million from Mirvac Group.
Jones Day has lured a real estate expert from Clayton Utz to join its Brisbane office as a partner.
Thomson Geer has snagged two workplace relations partners and their 15-person team from Holding Redlich for its Brisbane office.
Fawkner Property Group has acquired a shopping centre in Far North Queensland for $34 million, its third recent shopping centre purchase in the region.
Pub owner O’Hara Hotel Group has sold the Parkurst Tavern in Rockhampton to a privately owned Queensland pub group for a reported price of $24 million.
Danish renewables company European Energy has closed a $130 million financing package for two solar projects in Victoria and NSW.
The purported purchaser of two off-the-plan penthouses in a Newstead high-rise has won his suit against the developer, who sold the apartments to someone else for more than double the contract price.
A Queensland tribunal has refused to set aside a costs agreement between Shine Lawyers and a former client, despite invoices blowing out to more than six times the original estimate, finding the matter had already been dealt with in a costs assessment.
Mobil Oil has admitted it misled consumers by falsely claiming it was selling a specific brand of fuel at Far North Queensland petrol stations, but cites the challenges of supplying the fuel to the region, which it says was a loss-making exercise.