Real Estate

An Australian Super entity is exempt from a $36.2 million tax assessment following the rezoning of a property in Dingley Village, in the first tribunal decision under Victoria's Windafall Gains Tax Act. 

Jones Lang LaSalle has argued that its former national head of real estate cannot add an unfair dismissal claim to his lawsuit against the real estate giant, which was brought late due to a solicitor's mistake. 

A class action on behalf of Sydney homeowners who allege their homes are sinking into the ground has settled for $18 million, with a judge hearing numerous group members will not receive a payout.

Western Sydney will become a growth engine over the next two decades, while the greatest share of new housing will be developed in the eastern suburbs, according to a 20-year blueprint released by the NSW government.

Jones Lang LaSalle has argued that its former national head of real estate cannot add an unfair dismissal claim to his lawsuit against the real estate giant, which was brought late due to a solicitor's mistake. 

Warburg Pincus is expanding its partnership with real estate investment manager Kio to accelerate the development of a $2.5 billion build-to-rent and purpose built student accommodation portfolio in major cities. 

A class action on behalf of Sydney homeowners who allege their homes are sinking into the ground has settled for $18 million, with a judge hearing numerous group members will not receive a payout.

Growthpoint Properties has agreed to sell its Woolworths distribution centre at Perth Airport to Western Australian developer Hesperia for $267.7 million.

One of the entities behind the $1.2 billion redevelopment of the Mandarin Centre in Chatswood, Sydney has launched proceedings against its former business partner, alleging it acted in breach of its good faith obligations when it agreed to buy out its stake.

A judge has declined to block a solicitor from representing that a new conveyancing firm, which aims to help real estate agents comply with AML/CTF obligations by holding property deposits, is operating an illegal business model.