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Fashion retailer City Beach is challenging a $14 million penalty secured by the ACCC in the consumer regulator’s first enforcement action for breaches of button battery safety standards.
Lendlease reaches deal with Cbus on $2B malls fund
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Cbus has reportedly agreed to acquire all the units in Lendlease’s $2 billion shopping centre fund, which includes some of the country’s largest mall assets.
Melbourne shopping centre stake sold for $71M
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A private investor has paid $71 million for a 50 per cent stake in the Sunshine Marketplace shopping centre in Melbourne’s west.
Lawyers ditch Forte Construction in iProsperity liquidators’ case
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Lawyers for Forte Sydney Construction are ceasing to act for the developer, which is being sued by the liquidators of collapsed real estate fund manager iProsperity seeking to recover more than $3 million.
Court OKs Sydney development that makes use of ‘infill-affordable’ rules
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A court has approved Eloura Developments’ 179-unit housing development in Sydney’s Inner West, which makes use rules allowing increased floor space ratios and heights for developments that supply affordable housing.
Dexus acquires stake in Moorebank industrial estate for $50M
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Dexus’ industrial real estate trust has bought a half-stake in an industrial estate in NSW for $49.6 million from its manager.
Taylor Construction sued over car salesroom project
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HVAC specialist Ellair Solutions has sued builder Taylor Construction Group after it allegedly placed works on a four-storey car salesroom in Croydon on hold in 2018.
Judo Bank loses bid for injunction against ‘injurious’ billboards
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Judo Bank has failed to secure an injunction against a disgruntled customer who launched a billboard campaign against it amid a dispute about a loan for a $65 million property.
Ashurst snags leading M&A partner from HSF
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A leading M&A lawyer from Herbert Smith Freehills has made the jump to Ashurst, bolstering the firm’s corporate offering.
FIIG Securities hit with $2.5M penalty for cybersecurity failures
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Fixed income specialist FIIG Securities has been ordered to pay $2.5 million for cybersecurity failures which led to a cyberattack that exposed the data of 18,000 clients, the first penalty of its kind secured by ASIC.