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.
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 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 it brokered the deal between publican Jim Knox and former Wallabies player turned businessman…
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.
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.
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.
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.
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.
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.
The applicant in an employment class action against The Reject Shop is appealing a court decision that found it could amend the case and redefine the group members but not retroactively.