Real Estate

The owners of two trusts that manage properties in Melbourne’s south-eastern and western suburbs have won a land tax refund after a court found Victoria's revenue office should have assessed the holdings separately.

The judge overseeing a case by the liquidators of real estate investment firm Global Capital Property Fund won't allow two GCPF directors to appear on behalf of related companies named in the case, saying they would not be able to act “independently and objectively”.

JLL's former human resources head in Australia has launched proceedings over her dismissal, the latest lawsuit to face the commercial real estate giant.

Charter Hall Group's retail fund has grown to $3 billion after picking up three east coast shopping centres for $360 million, in a sign of the robustness of the sector.

Goodman Group has touted its 6 GW power bank at sites across Australia, Europe and North America, amid predictions for skyrocketing demand for digital infrastructure.

Baker McKenzie is the latest law firm to sign on as a tenant at 55 Pitt Street in Sydney -- a premium office tower overlooking Circular Quay -- following in the footsteps of MinterEllison.

ASX-listed Vicinity Centres has secured full ownership of Uptown Shopping Centre in Brisbane's CBD after agreeing to purchase IFM Investor's 75 per cent stake for $212 million.

Two units of Queensland real estate firm Coronis have lost a fight with the tax office over service fee deductions claimed for payments to related entities for the use of the Coronis trade mark, among other trust assets.

Commercial real estate group JLL has brought on EY's former clients and industries managing partner to replace its sacked CEO, as it battles litigation on multiple fronts and tries to restore its reputation.

Aldi has entered into a 20-year pre-lease agreement with Charter Hall for a 102,000 square metre temperature controlled warehouse in Tarneit, Victoria, and has extended its tenancy at a distribution facility in Queensland by eight years.