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High Court to weigh $2.9M valuation for heritage property in Melbourne CBD
Real Estate 2025-01-17 10:05 pm By Cindy Cameronne

The valuer general of Victoria has told the High Court that a property in Melbourne’s CBD should be valued at $6.2 million rather than $2.9 million, despite a heritage constraint on development. 

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Tasmanian Ports had right to boot tenant Resources Australasia, court finds
Real Estate 2025-01-17 9:46 pm By Andy Sidler

Tasmanian Ports had a right to kick wood pellets manufacturer Resources Australasia off leased property after it erected an awning structure without permission, a court has found.

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NSW government to pay Schofields $20M for landlocked property
Real Estate 2025-01-17 10:21 pm By Andy Sidler

Developer Schofields has won $20 million from the New South Wales government after the state failed to provide an easement or road access to land it owned for more than two years after acquiring a neighbouring lot. 

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Allens-repped Greystar in $1.6B student digs deal
Real Estate 2025-01-15 11:22 pm By Cindy Cameronne

US property firm Greystar is acquiring a portfolio of student accommodations worth $1.6 billion, one of the largest deals of its kind in the Australian market. 

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Quest Dockland residents sue over COVID-19 rent relief
Real Estate 2025-01-08 6:55 pm By Andy Sidler

Commercial tenants of Quest Dockland’s Bourke Street apartment complex have filed proceedings against 45 landlords, claiming their requests for rent relief during the COVID-19 pandemic were ignored. 

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Flemington Properties wins $5M judgment in rent dispute with Ausgrid
Real Estate 2025-01-09 10:39 am By Christine Caulfield

Real estate company Flemington Properties has won $5 million from Ausgrid in a commercial rent dispute, with a judge finding the state corporation was effectively asking the court to rewrite the parties’ agreement.

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Harrolds owners face $10M suit over rent at Collins Street store
Real Estate 2025-01-07 12:03 pm By Julia Kanapathippillai

The owners of luxury fashion department store Harrolds are facing a $10 million lawsuit over alleged unpaid rent on the business’ flagship Collins Street store in Melbourne.

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Aldi wins fight with Northcote shopping centre over lease
Real Estate 2025-01-10 11:13 pm By Andy Sidler

Budget supermarket Aldi has won its appeal of a tribunal decision which found that upper limits on rental increases fell afoul of the Retail Leases Act.

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Japanese conglomerate signs on for $830M Mirvac housing development
Construction 2024-12-19 11:51 pm By Cat Fredenburgh

Tokyo-based Sumitomo Corporation has taken its first step into the Australian residential market, partnering with developer Mirvac on a housing development in Sydney’s northwest that is expected to generate $830 million in sales.

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Charter Hall executes record $3.3B in green loans for office fund
Construction 2024-12-10 11:39 pm By Julia Kanapathippillai

Property investment giant Charter Hall Group has completed one of the largest green loan transactions in Australia’s real estate sector, securing $3.35 billion in green loan facilities for its office building fund.

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