Real Estate

Ingenia Communities has rejected a revised $2 billion unsolicited takeover offer from private equity firm Warburg Pincus, which would require it to abandon its acquisition of land developer Peet.

Real estate investor Abacus Group has sold off its 19.6 per cent stake in Storage King to existing shareholder Ki Corporation for $284 million.

A judge has agreed to recuse himself from hearing a contempt case against a director of property developer Villawood after finding last year he gave false instructions to a Mills Oakley lawyer to mislead the court.

ASX-listed MA Financial has acquired a 50 per cent stake in The Glen Shopping Centre in Melbourne’s south-east for $327.5 million.

The ACCC has hit back at Coles’ challenge to the regulator’s rejection of its Kalgoorlie, WA land acquisition, slamming as too narrow the competition test advanced by the supermarket giant.

A company controlled by Paul Chiodo has lobbed a $200 million suit targeting City Built director Roberto Filippini, with the former Keystone director joining the company's liquidators in chasing millions in alleged misappropriated development funds.

A judge has ruled that reality television personality Venous Behbahani-Clark was not validly gifted a $2 million Toorak home by her sister and the sister's ex-husband Alex Waislitz, resolving proceedings the judge called lengthy and disproportionate.

The Northern Territory's public housing authority can amend its defence in a class action alleging it failed to maintain habitable housing in remote Aboriginal communities to allege that tenants failed to keep housing "reasonably clean".

REA Group's listings site will no longer require agents to provide it with all or most of their listings, after the ACCC expressed concerns the restrictive contract terms could breach competition laws.

In a sign of rebounding optimism in the office property sector, real estate investment trust GPT Group has picked up a Brisbane tower in the CBD's Golden Triangle precinct for $380 million.