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Lendlease has abandoned its bid to purchase a parcel of land owned by one of Australia’s oldest families for well below market value as part of its project to develop 6,700 homes in Campbelltown, Sydney.
Exactech class action stayed after judge recognises US bankruptcy
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A class action against Exactech over allegedly faulty joint implants has been stayed pending its US-based parent company’s bankruptcy proceedings.
Judge rejects union boss’ bid to stay FWC case
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A judge has rejected HSU secretary Diana Asmar’s argument that a case against her over an alleged $2.7 million false invoicing scheme should be stayed because criminal charges were “on the cards”.
Investa partners with the Salvos on Sydney CBD ‘studio living’ project
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Property developer Investa and The Salvation Army have partnered to develop a $230 million ‘Studio Living’ apartment building in Sydney’s CBD.
New Hall & Wilcox partner bolsters firm’s defence expertise
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Hall & Wilcox is the third law firm in a month to grow its government practice, picking up a defence expert from government technology provider DMTC.
‘Red flags, red suitcases’: Star GC warned of unacceptable risk, court told
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A former Star executive agreed to renew the casino’s relationship with a junket with organised crime links despite Star Sydney’s GC warning of suspicious transactions, a court has heard.
Developer wins stay of judgment debt for builder over $14M Taringa Coles
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A court has granted a rare stay over a judgment debt to the developer of a Taringa Coles shopping centre, finding if final judgment comes down in its favour, financially troubled builder Kenik may not be able to repay the funds.
Centuria Capital buys Brisbane’s Logan Super Centre for $115M
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Real estate funds manager Centuria Capital Group has acquired Logan Super Centre in Brisbane, hosting big ticket tenants including Freedom, Fantastic Furniture, Spotlight and Anconda.
Stockland sues Probuild over Perth shopping centre sinkhole
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Major developer Stockland has filed proceedings against Probuild Constructions over alleged faulty works completed on a stormwater system in a Rockingham shopping centre.
Desane scores $4.5M lease extension with Brisbane City Council
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ASX-listed property investment group Desane has secured a $4.5 million lease extension with the Brisbane City Council.