Real Estate

The landlord of a Western Sydney commercial property has been awarded $328,000 in lost rent and outgoings after its former tenant, baked goods producer Allied Pinnacle, failed to repaint the external walls at the site.

Charter Hall has acquired the Tooronga Village Shopping Centre in Melbourne's eastern suburbs for $79 million.

A judge has refused a bid by the director of property developer Vantager to stay orders to sell his property while he appeals a decision finding him liable for a “brazen fraud” after a $45 million sale was negotiated for a Denham Court property that was only worth $10.8 million. 

HopgoodGanim has hired a lawyer from Corrs Chambers to join its real estate and development team as a special counsel in Brisbane. 

A court has found a Pelligra Group unit validly terminated leases for offices in a Melbourne CBD building rented by Birdies Mini Golf owner Stephanie Doyle after she failed to meet a deadline for agreement on floorplans.

Hall & Wilcox has hired a property and disputes lawyer and his team of three to build out its offering in Adelaide. 

Hong Kong-based private equity firm JY Group has paid $670 million to acquire a 50 per cent stake in the Westfield Marion, Adelaide's largest shopping centre, from Singapore-based Cuscaden Peak Investments.

Real estate fund manager Charter Hall Group has added to its social infrastructure portfolio with the $445 million acquisition of Sonic Healthcare's major pathology facility in the Brisbane CBD.

A lawyer for ASIC has told a judge that $300 million in Shield Master Fund investments intended for property developments appear to have been diverted for other purposes.

Real estate investment trust GPT Group has dropped $1.19 billion to acquire interests in Queensland’s Sunshine Plaza and Campbelltown’s Macarthur Square shopping centre.