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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.
Apple, Google engaged in anti-competitive conduct, says judge
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In a major win for two class actions and Fortnite maker Epic Games, a judge has found that Apple and Google misused their market power in running app stores and in-app purchase systems.
Court approves 35% GCO in WiseTech class action
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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.
Ex-PwC partner banned for alleged false statements that caused $11M tax shortfall
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The Tax Practitioners Board has banned former PwC partner Richard Gregg for four years after finding he made false or misleading statements concerning research and development tax incentives, resulting in a tax shortfall of $11 million and $800,000 in fines for his clients.
Investment manager pleads guilty to insider trading of Platinum shares
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Sydney investment manager Rodney Forrest has pleaded guilty to two counts of insider trading in relation to the trading of $2.6 million in shares of funds manager Platinum Asset Management while in position of inside information about a takeover offer.
Vansan Construction boss asks court to set aside $2M default judgment for developer
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The CEO of embattled Melbourne builder Vansan Construction is fighting a $2 million default judgment for SK Developments, saying he was given no opportunity to defend himself.
ASIC to review stamp duty disclosures for superannuation funds
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The corporate regulator has launched a review into the requirement that superannuation funds disclose land transfer duty fees, commonly referred to as a ‘stamp duty’, in a move that could boost super investments in the property sector.
Elanor Funds hits back at Lederer claims in $284M takeover bid
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Commercial property fund Elanor Funds Management has hit back at “factually incorrect” claims made by Lederer Group as part of a $285 million takeover bid.
Judge refuses declarations in Port of Newcastle’s wharfage fee win over Glencore
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Port of Newcastle has failed in its bid for declarations following its defeat of of Glencore Coal’s case over wharfage fees, despite arguing further disputes could be avoided.
Speed of court over VCAT no reason to bypass tribunal in building spat, judge says
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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.