‘Enough is enough’: Lederer Group launches takeover bid for Elanor Funds
Lederer Group, the family trust of billionaire Paul Lederer, has launched a $285 million takeover bid for commercial property fund Elanor Funds Management, telling investors "enough is enough" and that it was time for a change.
BlueScope leads consortium vying for Whyalla Steelworks
BlueScope Steel is leading an international consortium that's bidding to acquired the troubled steel making facility Whyalla Steelworks.
Court rejects bid to remove neon sign from heritage-listed Adelaide building
The owner of a heritage listed Victorian-era building in Adelaide’s iconic Rundle Mall has lost its challenge to a decision rejecting its application to remove a 1930s-era neon sign, with a court finding removal would affect its heritage value.
Judge won’t force sale of $23M Footscray logistics site
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.
India’s Oyo buys rental property manager MadeComfy
Rental property manager MadeComfy has been acquired by Indian hospitality company Oyo in a deal worth $50 million.
Sydney suburban gym wins $10 in appeal over lease with new owner
The operator of a gym previously inside a Bankstown RSL club has scored a partial win on appeal against its new landlord, but has only received nominal damages of $10.
Transgrid resolves Melbourne BESS contractor’s $11M case over union dispute
A lawsuit against Transgrid by the winning bidder for a contract to build a substation for the Melbourne Renewable Energy Hub, which sought $11 million in extra costs and damages for alleged union disruptions, has been settled.
Charter Hall can respond to Pitt St developer’s reply evidence in $100M suit
A judge has allowed Charter Hall to respond to developer Pro-Invest’s expert evidence in a case claiming $100 million in damages for the lost opportunity to build a 26-storey hotel in the Sydney CBD.
Star Entertainment’s plan to exit Queen’s Wharf venture collapses
Star Entertainment will be on the hook for $41 million to its Queen's Wharf partners after an agreement to sell its stake in the Brisbane entertainment venture fell through.
JLand, Far East Consortium eye mixed use opportunities in Australian cities
Malaysian real estate investor JLand has teamed up with Hong Kong developer Far East Consortium to explore development opportunities in Australia and Malaysia.
Acure makes play for Brisbane office building
Perth-based fund manager Acure has launched an office trust in a bid to acquire a riverfront A-grade office tower on the fringe of Brisbane’s CBD.
Star says ‘unlikely’ deadline will be met for Queen’s Wharf stake sale
Star Entertainment says it is "unlikely" an agreement will reached by the end of the month for its Queen's Wharf partners to buy out its stake in the Brisbane entertainment project.
Woodside reaches ‘historic’ deal with ExxonMobil to run Bass Strait operations
Woodside has agreed to take over the operation of the Bass Strait gas assets from ExxonMobil Australia, in a "historic" deal that could unlock future gas development.
Pension fund giant to invest $1B in Octopus renewable energy platform
Dutch pension provider APG Asset Management has partnered with renewable energy fund manager and developer Octopus Investments, vowing to invest over $1 billion into Octopus’s flagship investment fund.
Lendlease reveals Japanese partners for $2.5B Hyde Park development
Two Japanese real estate giants will partner with Lendlease on its plan to develop a $2.5 billion luxury apartment complex overlooking Sydney’s Hyde Park.
Carpe Diem acquires boutique Potts Point co-living apartment building
Real estate funds manager Carpe Diem has scooped up the 42-room UME Potts Point co-living apartment block in Sydney’s east.
Stockland, John Boyd to partner on $3.5B Sydney logistics precinct
Developers Stockland and John Boyd are teaming up to build a $3.5 billion logistics precinct at the site of 18.3-hectare Kogarah golf club near the Sydney Airport.
Solicitor beats appeal in negligence case over rescinded property sale
An appeals court has declined to revive a negligence case against a solicitor accused by a former client of failing to advise him on key clauses in a rescinded $1.7 million sale contract.
Privilege fight on cards in case against HWL Ebsworth over Belmore development
A fight over legal professional privilege is looming in a case against HWL Ebsworth and a former partner by investors in projects by property developer Belmore 88.
Veolia wins draft conditions from EPA in fight over waste transfer station
A tribunal has ordered the EPA in Victoria to indicate what conditions it would impose on Veolia’s development application for a waste transfer station, which the regulator has opposed.
Chubb dodges Double Bay property owner’s defects claims
A judge has rejected a Double Bay property owner’s bid to put Chubb on the hook for any damages a builder may owe for alleged defects.
Company of pub baron Jon Adgemis can’t set aside $5M judgment
A company owned by pub baron and former KPMG partner Jon Adgemis has lost its bid to set aside a $5 million default judgment over a 2020 loan agreement.
Liquidator for developer GR Capital wins more time to bring claims
A liquidator for the defunct developer of a controversial south Sydney apartment building has won a bid to extend the time to bring potential voidable transaction proceedings.
Lawyer’s unilateral email to chambers in builder’s case against CBA ‘undesirable’: judge
A solicitor for a contractor in dispute with the Commonwealth Bank has been called out by a judge for a unilateral email to chambers without CBA's consent.
‘The end is still not in sight’: Negligence suit against HWLE sent to referee
A lot has changed in Australia and the US since 2016, when Turnbull and Obama were still in power, but the same can't be said for a negligence suit against HWL Ebsworth filed by a client that year, laments a wistful judge.
