Real Estate

A Dexus managed fund has paid $683 million to Scentre Group to increase its stake in Brisbane's Westfield Chermside shopping centre.

A developer has failed to revive its $400 million lawsuit against an investor over a development at the site of the former Pentridge Prison in Victoria, with an appeals court agreeing the case was properly dismissed. 

A court has granted an application for a development that will demolish part of a former Commonwealth Bank building in Sydney's inner west to construct a co-living building.

The developer of an apartment complex in Melbourne's east can retain a $883,000 deposit from convicted fraudster Demetrios 'James' Charisiou's real estate investment firm, which was found to have repudiated a contract over email.

Retirement village operator Lifestyle Communities will offer a new fee model to existing homeowners following an appeal of a ruling in July that its exit fees were unenforceable.

Hong Kong-based Far East Consortium has sold a 50 per cent stake in the Ritz-Carlton Perth to Cayman Islands-based Generation Essentials Group for $100 million. 

Commercial real estate group JLL has hit back at former CEO Daniel Kernaghan's unfair dismissal case, saying he was sacked for mishandling a harassment complaint against a manager.

National Storage REIT has agreed to a takeover by a consortium of Brookfield Property and GIC Investments that values the self-storage investor at $4 billion.

VCAT has upheld a local council's refusal of a plan to build a three-storey luxury apartment building at a vacant lot in East Melbourne, saying it would "visually dominate" a neighbouring heritage-listed home.

The High Court has taken up an appeal by the Victorian planning minister in a row with IGA that seeks guidance on the jurisdictional reach of the state Supreme Court in planning disputes.