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Centuria Capital has snapped up the Port Adelaide Distribution Centre for $216 million, calling it a “rare opportunity” surrounded by a host of positive economic indicators.
Park Hyatt Melbourne sold to KS Hotels in largest hotel deal this year
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Melbourne’s Park Hyatt Hotel has been sold to Thai group KS Hotels for a reported $200 million, in Australia’s biggest hotel deal of the year so far.
Cadence Property buys up nine Port Melbourne industrial units
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Melbourne property group Cadence Property has bought up a 1.7 hectare corner industrial site located in Fishermans Bend in Port Melbourne.
Victorian premier flags law enshrining WFH rights
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The Victorian premier has vowed to introduce legislation to give public and private sector employees who can reasonably do their job from home the right to work from home for at least two days a week.
Jones Day snags employment partner from Ashurst
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US firm Jones Day is growing its Brisbane office, snagging a partner from Ashurst for its labor and employment group.
Mercedes-Benz dealers take $650M case to High Court
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Mercedes-Benz dealers are pressing on with their $650 million battle over the luxury car maker’s move to a fixed-priced agency model, taking their case to the High Court.
Jetstar claims ‘silver bullet’ against COVID-19 flight credits class action
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Jetstar is seeking an initial trial on an issue it claims will be a “silver bullet” against a class action on behalf of hundreds of thousands of customers whose flights were cancelled during the COVID-19 pandemic.
Uber win reversed on appeal in fight over $81M in payroll tax
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The NSW tax office has succeeded on appeal in its fight with Uber over five years of payroll tax totalling more than $81 million, with an appeals court finding that payments made to drivers are taxable.
Lendlease attacks class action’s ‘back door’ damages case
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With evidence finally in after six years, Lendlease has asked a court to reject a portion of a shareholder class action’s expert reply evidence, arguing it unfairly introduces a new and unforeseen loss methodology.
BlueScope leads consortium vying for Whyalla Steelworks
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BlueScope Steel is leading an international consortium that’s bidding to acquired the troubled steel making facility Whyalla Steelworks.