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Australian building services provider Johns Lyng Group has agreed to be acquired by a subsidiary of private equity group Pacific Equity Partners in a $1.3 billion deal.
‘Unacceptable’: Court says Sydney can’t afford loss of Paddington boarding house
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A court has described a plan to demolish a 32-room boarding house for the construction of four luxury residences in Paddington as an “unacceptable loss” of affordable housing in inner-city Sydney.
AsheMorgan boosts industrial portfolio with new assets from Centennial
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Private equity real estate firm AsheMorgan has snapped up two industrial properties, paying a reported $33.5 million for a logistics hub in Melbourne and $20.5 million for another in Brisbane.
Mercedes-Benz dealers come up short in appeal of $650M lawsuit loss
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Mercedes-Benz dealers have lost their appeal of a decision tossing their $650 million suit, with the Full Court backing the primary judge’s rejection of a “moralistic” approach to unconscionable conduct.
Toyota hit with class action over peeling paint on Corollas
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Toyota has been hit with a class action alleging that a defect in certain Corolla models caused paint to peel when exposed to sunlight or ultraviolet light.
Dyldam settles case over $74M sale of Paramatta development
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Dyldam Developments has won approval to settle a case by the liquidator of a special purpose vehicle over the proceeds of a Paramatta development that sold for $74 million — bolstered by major shareholder Persephone’s “gritted teeth” backing.
Former NT Supreme Court judge to face harassment complaint by associate
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The Northern Territory government has lost its bid to block a sexual harassment complaint against a former judge of the state’s Supreme Court by his female associate.
Rival real estate portals REA, Domain resolve case
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Real estate portals Domain and REA Group have settled a lawsuit that alleged Domain scraped photos and floorplans from REA’s exclusive listings for its property reports.
Court blocks Paddington boarding house demolition for lux residences
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The NSW Land and Environment Court has blocked a developer’s controversial plan to demolish a 32-bedroom boarding house in Inner Sydney suburb of Paddington to develop four luxury residences.
Contradictor allowed in Optus appeal over telco tower development
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A judge has allowed a Central Coast resident to weigh in on Optus’ challenge to a council’s refusal to bless its plans to build a telecommunications tower, saying the council’s “commercial relationship” with the telco justified a contradictor.