Real Estate

Developer Urbex has launched proceedings seeking the return of a $2.85 million deposit on a $59 million contract to buy a development site in Melbourne's east, saying it validly terminated the agreement after an adverse contamination and geotechnical report.

United Cinemas has secured interim relief blocking its landlord from terminating its lease at the Craigieburn Central cinema in Victoria.

Former Keystone Asset Management director and developer Paul Chiodo is accused of raising more than $1.5 million from unwitting investors for a purported property fund that was secretly used to cover his legal fees in ASIC's enforcement action.

A trial in the state of Victoria's dispute with the owners of Pakenham Place Shopping Centre over a compulsory land acquisition has been vacated.

A Lucent Group vehicle is suing contractor Wolf Construction to stop it from enforcing a $379,000 SOPA ruling for works at a townhouse precinct development at the site of a former abattoir in Northcote, Melbourne.

A judge has refused to shift the trial dates in a dispute regarding a strata plan renewal for a Chatswood apartment block to accommodate a solicitor's honeymoon.

Dexus has sold a premium Brisbane office building whose tenants include HSF Kramer and Allens to US investment management firm Barings for $700 million. 

CBRE has settled a lawsuit by an employee who alleged he was forced to continue working with a manager who falsely accused him of killing his rabbit. 

ASIC has found that customers have not been receiving the promised benefits of mortgage offset accounts and have been unknowingly paying more interest than they should have, with banks already paying out $55 million in compensation.

The site owner of a proposed shopping centre in Melton must return $1.5 million to a defunct developer that allegedly breached a $30 million land sale contract, an appeals court has found.