Gateway Capital has acquired a warehouse in Sydney’s Eastern Creek from private equity firm Blackstone for $75 million as part its plan to build a $800 million industrial and logistics portfolio.
A judge has approved a 35 per cent group costs order in a shareholder class action against WiseTech, but said the relatively high rate could be revisited by the court at a later stage in the case.
A court has ordered a stay of proceedings in a Melbourne property dispute, saying whether it could hear the case “better” than VCAT, as alleged by builder Brocon, was not the point.
Victoria will continue to be a magnet for class actions after the High Court shot down solicitors’ common fund orders as clashing with NSW law, but the door may still be open for garden state lawyers to try their luck in the Federal Court.
A former Cornwalls client has brought proceedings over a $486,000 legal bill, claiming the law firm failed to provide updated costs estimates and did not disclose counsel rates while acting in a tribunal matter against a builder.
A judge has made winding up orders against companies connected to Lion Property Group and allowed Victoria Police to access a confidential report from the luxury Melbourne developer’s provisional liquidators.
Melbourne’s Park Hyatt Hotel has been sold to Thai group KS Hotels for a reported $200 million, in Australia’s biggest hotel deal of the year so far.
Melbourne property group Cadence Property has bought up a 1.7 hectare corner industrial site located in Fishermans Bend in Port Melbourne.
The Victorian premier has vowed to introduce legislation to give public and private sector employees who can reasonably do their job from home the right to work from home for at least two days a week.
A judge has refused to force the sale of a Footscray property used for logistics services, estimated to be worth $23 million, saying an agreement by the co-owners to sell it by a deadline could no longer be performed.