Real Estate

The City of Melbourne will oppose amendments to Lendlease’s $263 million Swanston St tower due to “unacceptable impacts” on views, including overshadowing Federation Square and the Flinders Street steps. 

The Retirement Villages Act was unfit for the purpose of protecting both former residents at a Paterson Lakes retirement village and new apartment owners, who appeared to be victims of an "exploitative" scheme by former managers and operators, a court has found.

Melbourne builder Cobild has resolved a lawsuit brought against a developer arguing it must return a $497,000 bank guarantee under a contract to build a $50 million office complex.

Frasers Property has reached an agreement to offload five freehold logistics properties in Melbourne to Singapore's ESR-REIT for $288 million.

PGIM’s Real Estate Investment Group and private equity manager Assembly Funds Management have teamed up to acquire the Ed.Square Town Centre in south-west Sydney from Frasers for $248 million.

A court has heard that the CEO of collapsed developer Crown Group and an associated company owe $12 million in the company's liquidation.

Victoria’s State Revenue Office has gone to the High Court in its battle with shopping centre landlord Vicinity Funds over $82.5 million in stamp duty.

The City of Sydney has approved plans by developer Billbergia Group for a skyline-changing $3.5 billion residential and hotel project in the heart of the CBD.

Four contractors are facing cross-claims in a class action against developer Mulpha over a 683-lot development in Glenmore Park.

Hungry Jack's has lost a spat with the owner of a site on which it operates a restaurant on the north coast of NSW, with a judge finding the rent payable by the fast food chain must account for the value of the land and the building.