Real Estate

A judge has refused a bid by the director of property developer Vantager to stay orders to sell his property while he appeals a decision finding him liable for a “brazen fraud” after a $45 million sale was negotiated for a Denham Court property that was only worth $10.8 million. 

HopgoodGanim has hired a lawyer from Corrs Chambers to join its real estate and development team as a special counsel in Brisbane. 

A court has found a Pelligra Group unit validly terminated leases for offices in a Melbourne CBD building rented by Birdies Mini Golf owner Stephanie Doyle after she failed to meet a deadline for agreement on floorplans.

Hall & Wilcox has hired a property and disputes lawyer and his team of three to build out its offering in Adelaide. 

Hong Kong-based private equity firm JY Group has paid $670 million to acquire a 50 per cent stake in the Westfield Marion, Adelaide's largest shopping centre, from Singapore-based Cuscaden Peak Investments.

Real estate fund manager Charter Hall Group has added to its social infrastructure portfolio with the $445 million acquisition of Sonic Healthcare's major pathology facility in the Brisbane CBD.

Real estate investment trust GPT Group has dropped $1.19 billion to acquire interests in Queensland’s Sunshine Plaza and Campbelltown’s Macarthur Square shopping centre.

A lawyer for ASIC has told a judge that $300 million in Shield Master Fund investments intended for property developments appear to have been diverted for other purposes.

A court has dismissed a bid to temporarily block a deed of company arrangement for Halo Tower developer FT Sydney, after hearing an injunction might jeopardise a sale to Cbus Property, set to settle in July.

The forced divestiture of Dexus' stake in airport operator APAC will proceed, after a court on Friday discharged injunctions temporarily blocking the sale amid a dispute over the disclosure of confidential information.