Real Estate

A Potts Point hotel previously owned by former pub baron Jon Adgemis has reportedly been sold to hospitality group Oscars for $20 million.

Investment management company Gateway Capital has acquired an industrial property in Western Sydney from US-based real estate platform Greystar for a reported $78 million. 

Two former JLL executives have resolved defamation proceedings against the publisher of The Australian over articles that claimed they went to strip clubs and sent lewd messages to an in-house WhatsApp group.

An appeals court has mostly rejected the claims of a former Colliers director who says he lost out on purchasing a more expensive property in the affluent Sydney suburb of Paddington due to commissions his former employer failed to pay. 

Receivers appointed in proceedings against Falcon Capital, the firm behind the First Guardian Master Fund, have won orders to sell a $9 million Hawthorn property owned by the company's director.

Magic Circle firm Clifford Chance, which boasts one of the leading projects and energy transition teams in the UK, is deepening its expertise in Australia, hiring a lawyer from HSF Kramer to build an environment and planning team. 

United Petroleum has won its case against the operator of Perth Airport claiming it was induced to enter a $900,000 lease and construction agreement with promises of redevelopment at the site, which is now in doubt.

A Sydney developer has lost its challenge to a ruling over a deed granting it an option to purchase a Marsden Park property, with an appeals court finding it altered its case on appeal.

Property group Ingenia Communities is on the hook for $1.5 million for failing to supply financially vulnerable senior renters with stovetops over a five-year period.

Vicinity Centres will pay $400 million to acquire the Eastern Creek Quarter retail precinct in Western Sydney from Frasers Property.