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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.
Villawood exec’s daughter claims privilege over ‘double deletion’ of docs
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The daughter of a Villawood director accused of a fraudulent design to divert valuable management fees for a development in Victoria has invoked her privilege against self-incrimination over the developer’s concerns that she may have destroyed evidence.
Sydney, TfNSW win strikeout in case over Oxford St Cycleway development
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A suit against the City of Sydney and Transport for New South Wales alleging that a new cycleway on Oxford Street is discriminatory has been gutted, with a court substantially striking out the pleading.
Centennial Coal unit fined $630,000 for environmental breaches
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A Centennial Coal unit that operates an underground coal mine bordering the Blue Mountains National Park has been hit with $630,000 in penalties after pleading guilty to five environmental offences for failing to properly manage runoff from the mine.
Spotlight Group buys Toorak’s St Germain for $185M
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In a sign of recovery for Melbourne’s commercial property market, developer Bill McNee’s Vicland has sold St Germain in Toorak to Spotlight Property Group.