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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
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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.
Former Real Housewives personality says sister gifted $2M Toorak home
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A feud between a reality TV star and her sister over a $2 million Toorak townhouse is playing out in court, with a judge hearing the sisters sealed a deed of gift over the apartment with their fingerprints.
Mitsubishi Estate sells 19.9% stake in Salesforce Tower for $357M
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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
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The investment vehicle of MRS Property has pocketed $42.4 million in the sale of a five-level office building in Adelaide’s CBD.
Scentre reveals plans for 16,000 apartments at Westfield centres
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Shopping centre giant Scentre Group has plans to expand into the lucrative residential market, capitalising on its significant landholdings to supply over 16,000 apartments at several Westfield locations.
Mrs Mac’s CFO silent on financial woes, court finds in partial win for Octet
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Octet Finance has won a $38,000 judgment against the ex-CFO of defunct pie maker Mrs Mac’s, with a court finding he failed to correct a statement that the trade financier would likely be repaid in full following a $4 million recapitalisation.
In class action, Newcastle Uni denies engineering course left students unemployable
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Newcastle University has hit back at a class action over an unaccredited engineering degree, saying students can still get jobs and it is a simple “administrative” task to become members of the professional body for engineers.
Former Nudie chief embroiled in tax case in ‘serious’ condition, court told
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A court has heard that the former CEO of juice company Nudie is “very unwell” and needs more time to file a defence in a case stemming from an alleged fraudulent tax scheme, a week after a judge tossed his summary dismissal bid in a related case.
Trump Organization to build Australia’s tallest tower on Gold Coast
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The Trump Organization is planning its first development in Australia, signing an agreement to build a 91-storey luxury hotel on the Gold Coast.