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Elanor Funds Management has recommended shareholders reject a $284 million unsolicited takeover bid by the Lederer Group, saying the price is “opportunistic” and materially undervalues the commercial property fund.
Offsetting case tossed in contract dispute over Hazelwood power plant
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A court has rejected a bid by a Hazelwood power plant contractor to pursue an offsetting claim for an alleged breach of confidentiality in response to a $1.7 million demand from a subcontractor.
Former Wallaby snaps up Riverina pub for $50M
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Save (0) Please login to bookmark Close Username or Email Address Password Remember Me Former Wallabies player Bill Young has bought the Gem Hotel in Griffith for a reported purchase price of $50 million, in a deal which broker HTL Property said set a new record for pub sales. HTL Property announced on Wednesday that…
AI use by self-repped litigants may need ‘more intrusive’ case management: court
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A recent property dispute involving a self-represented litigant who relied on AI-generated submissions, including at least one ‘hallucinated’ case, has prompted questions about the need for more active case management of the use of AI by unrepresented parties to prevent wasting court time.
Cudeco class action judge threatens to set trial down if KPMG settlement not finalised
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A judge hearing a class action over the collapse of mining company Cudeco has questioned why, despite an in-principle settlement being reached with auditor KPMG, the parties have not sought to formally dismiss the claim.
Woodside’s North West Shelf challenge has languished for 3 years, court told
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A heritage bid to protect Murujuga’s rock art in Western Australia has languished with the environment minister for more than three years, a court has heard, leaving gas giant Woodside to continue to threaten the sacred spot.
Reece did not validly terminate Sydney warehouse lease, court says
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A judge has found bathroom products giant Reece did not validly end a decade-long warehouse lease after its own actions caused a delay in obtaining an occupation certificate.
Federal government to foot half of $7.1B bill for Olympics infrastructure
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The federal government has agreed to cover almost half of the costs for building and upgrading 2032 Olympic Games venues after striking a deal with the Queensland government.
Marquette acquires Brisbane office tower for $52M
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Real estate investment manager Marquette Properties has acquired an office tower on George Street in Brisbane for $52 million, after scooping up another tower down the street last year for a student accommodation.
Court grants approval to Bondi Junction residential development
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The NSW Land and Environment Court has given the green light to a plan to build an apartment complex in Bondi Junction following a successful conciliation conference between the developer and the local council.