Mitsubishi Estate sells 19.9% stake in Salesforce Tower for $357M

Singapore's OUE Real Estate Investment Trust has expanded into Sydney's CBD office market with the purchase of a 19.9 per cent interest in Salesforce Tower from Mitsubishi Estate Asia.

Harmony sells Adelaide CBD office building for $42.4M

The investment vehicle of MRS Property has pocketed $42.4 million in the sale of a five-level office building in Adelaide's CBD.

Trump Organization to build Australia’s tallest tower on Gold Coast

The Trump Organization is planning its first development in Australia, signing an agreement to build a 91-storey luxury hotel on the Gold Coast.

Spotlight Group buys Toorak’s St Germain for $185M

In a sign of recovery for Melbourne's commercial property market, developer Bill McNee's Vicland has sold St Germain in Toorak to Spotlight Property Group.

Charter Hall grows retail fund with three shopping centres for $360M

Charter Hall Group's retail fund has grown to $3 billion after picking up three east coast shopping centres for $360 million, in a sign of the robustness of the sector.

Goodman touts 6 GW power bank, says data centre demand ‘materially exceeds’ supply

Goodman Group has touted its 6 GW power bank at sites across Australia, Europe and North America, amid predictions for skyrocketing demand for digital infrastructure.

Baker McKenzie to join Minters at 55 Pitt Street in Sydney

Baker McKenzie is the latest law firm to sign on as a tenant at 55 Pitt Street in Sydney -- a premium office tower overlooking Circular Quay -- following in the footsteps of MinterEllison.

Vicinity Centres takes full ownership of Brisbane’s Uptown for $212M

ASX-listed Vicinity Centres has secured full ownership of Uptown Shopping Centre in Brisbane's CBD after agreeing to purchase IFM Investor's 75 per cent stake for $212 million.

Abalone fishers win $500K for state’s negligent grant of Crown leases

The state of Victoria has been hit with a $500,000 judgment after three public servants were found negligent for failing to advertise Crown leases over Gabo Island and Tullaberga Island, a failure which has shut abalone fishers out of the area since 2019. 

Real Housewives star denies falsifying texts in row over $2M Toorak home

A former star of Real Housewives of Melbourne has denied altering text messages in a case alleging her sister gave her a $2 million Toorak townhouse in return for relinquishing her stake in a music production business.

Traditional owners assert property rights in asbestos waste class action

Traditional land owners in the central Pilbara have filed a class action to force the removal of dumped asbestos waste, some 60 years after the Wittenoom asbestos mines closed and the town was struck from the map.

Australia Pacific LNG’s defence cut in row with Tri-Star over $7.6B share sale

A judge has struck out sections of natural gas exporter Australia Pacific LNG’s defence in Tri-Star’s long-running case over coal seam gas fields in Queensland, which centres on a $7.6 billion share sale to ConocoPhillips.

Chasing $16M debt, special purpose liquidators appointed to Qld projects

The tax office has won the appointment of special purpose liquidators to entities behind a number of Queensland construction projects, as it seeks to claw back a claimed $16 million debt.

Merivale’s Charlie Parker’s bar wins approval to extend hours to 2 am

A cocktail bar located in the basement of Merivale's Fred's restaurant in Paddington has won court approval to trade until 2 am four days a week.

Franco-Nevada’s royalty right survived Arrium restructuring: court

A court has ruled that Canadian investor Franco-Nevada is entitled to mining royalty payments agreed to with a unit of mining company Arrium before its collapse, despite the company's failure to lodge a proof of debt. 

National Storage wins row over ‘box-like’ Wyndham Vale development

A tribunal has overturned a council decision which rejected National Storage’s proposal to build a two-storey storage facility and box shop in a rapidly expanding suburb in Melbourne’s south west. 

error: The content is secured.

For information on rights and reprints, contact subscriptions@lawyerly.com.au