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Downer EDI has sold its 49 per cent stake in a bus and light rail joint venture with French public transport operator Keolis for $132 million.
Six-storey retail complex in Melbourne sold for $80.1M
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A six-storey shopping centre in Melbourne’s CBD has been snatched up for $80.1 million by a private investor.
Belmont Citi Shopping Centre fetches $40M
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The Belmont Citi Shopping Centre has changed hands after 27 years, with a private investor scooping up the popular NSW shopping destination for $40 million.
Appeal filed in failed class action against ex-CBA unit Count Financial
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Another failed class action is headed to the Full Court, with a case against ex-CBA unit Count Financial appealing a ruling that found advisors did not breach their duty to act in their clients’ best interest.
iPhone class action against Apple dropped
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A judge has approved a bid to discontinue a class action against Apple over updates that allegedly “throttled” the performance of iPhones, after the lawyers running the case failed to secure litigation funding.
Lawyer for Super Retail employees showed PowerPoint on damage of publicity, court told
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A lawyer acting for two senior Super Retail Group employees presented a PowerPoint to solicitors for the company on the damage to its share price if his clients’ allegations went public, court filings say.
Split hearings involving credit ‘untenable’ if High Court backs recusal, judge says
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The common practice of splitting hearings on questions of liability and penalty may become “completely untenable” when there are credit issues, if the High Court upholds a recent recusal decision, a judge has said.
Queen’s Wharf partners terminate $53M deal to buy out Star’s stake
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Hong Kong-based investors Chow Tai Fook Enterprises and Far East Consortium plan to terminate a $53 million agreement to buy out Star Entertainment’s stake in the Queen’s Wharf entertainment project in Brisbane.
Roberts Co creditors vote in favour of founder’s DOCA pitch
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A restructuring proposal by the founder of Roberts Co has won the approval of creditors of the developer, which are owed a total of $100 million.
Building materials giant CSR hit with misuse of market power case
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Saint Gobain-owned CSR faces litigation by an independent building insulation distributor alleging it abused its dominance by upping prices during the pandemic.