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Property group Oreana has sold its Kallo Town Centre development for $64.5 million to ASX-listed company Region Group.
Cushman & Wakefield unit loses suit over $1.2B property services acquisition
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Commercial property firm DTZ Worldwide has lost its bid for $243 million in damages related to its acquisition of United Group from UGL Limited over United’s alleged failure to disclose that a key contract was “loss-making”.
CapitaLand exec accused of stealing $2.7M still missing in South Korea
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Singapore real estate asset manager CapitaLand is still looking for an executive accused of stealing $2.7 million, eight months after securing freezing orders against him, a court has heard.
NSW Supreme Court relaxes blanket ban on AI
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The NSW Supreme Court has relaxed its blanket ban on the use of AI in proceedings, clarifying its new rules don’t apply to discovery or the generation of certain materials by closed model AI systems.
ASIC investigating ASX over December settlement outage
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The corporate regulator has commenced an investigation into ASX’s one-day technical failure that prevented the settlement of trades on the CHESS system shortly before Christmas.
Victoria’s inquiry into regional housing crisis gets underway
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A state parliament inquiry is underway into the supply of homes in regional Victoria amid a critical housing shortage.
SkyCity Adelaide settles tax dispute with SA treasurer for $38.1M
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SkyCity has agreed to settle its dispute with the Treasurer of South Australia over the treatment of electronic gaming credits after losing its High Court challenge in October.
Ex-Super Retail lawyer appeals suppression orders
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Super Retail Group’s former top lawyer is fighting the dismissal of her application for performance of a settlement she says was reached following her dismissal from the company.
ACCC launches probe into IAG’s $855M bid for RACQ’s insurance biz
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The competition regulator is seeking views on whether IAG’s bid to acquire a 90 per cent stake in RACQ’s insurance underwriting business for $855 million could saddle consumers with higher prices.
Judge recuses himself from United Petroleum’s fight with Perth Airport over lease
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A judge has recused himself on the eve of trial from hearing a dispute between United Petroleum and Perth Airport over a lease and construction agreement, after revealing he had a relationship with one of the petrol chain’s witnesses.