Developer Freecity has won court approval for its plans for a 19-level, $230 million student accommodation development near Macquarie University, after its plans were initially knocked back by the local council.
The Australian Competition and Consumer Commission has warned new gas production is “not being brought online fast enough” and called for measures to smooth the transition of the energy and has markets.
The federal government has announced a $200 million investment aimed at boosting housing and infrastructure in regional Western Australia.
Allens has brokered a deal between Australian renewable company ZEN Energy and Taiwanese company HDRE to create a battery system that will increase national solar storage by 33 per cent.
Commercial tenants of Quest Dockland’s Bourke Street apartment complex have filed proceedings against 45 landlords, claiming their requests for rent relief during the COVID-19 pandemic were ignored.
Real estate company Flemington Properties has won $5 million from Ausgrid in a commercial rent dispute, with a judge finding the state corporation was effectively asking the court to rewrite the parties’ agreement.
The owners of the Werribee shopping centre in Victoria have lost their bid for preliminary discovery related to the likely recovery in their $356 million claim against builder Probuild.
The owners of luxury fashion department store Harrolds are facing a $10 million lawsuit over alleged unpaid rent on the business’ flagship Collins Street store in Melbourne.
Budget supermarket Aldi has won its appeal of a tribunal decision which found that upper limits on rental increases fell afoul of the Retail Leases Act.
Tokyo-based Sumitomo Corporation has taken its first step into the Australian residential market, partnering with developer Mirvac on a housing development in Sydney’s northwest that is expected to generate $830 million in sales.