Real Estate

Land lease operator Ingenia Communities has opened its books to Warburg Pincus after the US private equity firm improved its takeover bid to $2.14 billion.

The team from Perth's Chord Advisory -- headed by two former Herbert Smith Freehills Kramer partners -- will join Clayton Utz to strengthen the Big Six firm's infrastructure, construction and real estate practice.

Coles has won its bid to correct inaccurate information given to the ACCC about supermarket revenue and sales in proceedings challenging the regulator's rejection of its acquisition of leasehold interest in a Kalgoorlie site.

A local council has rejected Centuria's proposal for an expanded data centre in Clayton, Victoria. 

Real estate agency Belle Property is suing its Sandringham branch, alleging the franchisee is threatening to breach its agreement and good faith obligation by jumping to a new franchise network.

Property investor Payton Capital has largely defeated a former state manager's case, with a court finding his disclosures about two investments were not a substantial or operative factor behind his dismissal.

The Queensland Court of Appeal has thrown out a case by a local cricket club that sought to challenge a regional council's decision over a park lease, a case it said was a lesson in the perils of using AI instead of lawyers.

Warburg Pincus has upped its offer to acquire Ingenia Communities, but the proposal still requires the company to abandon its acquisition of land developer Peet.

A director of collapsed developer Lion Property Group is seeking to set aside a default judgment which he says would leave him on the hook for $35 million in damages.

Coles can't file more expert evidence in its fight over the ACCC's rejection of its purchase of a leasehold interest in a Kalgoorlie site, with a tribunal finding the supermarket had a chance to respond to the ACCC's "novel" harm theory.