Real Estate

Lendlease’s appeal of the NSW Valuer General’s land value determinations of luxury residential tower One Circular Quay has prevailed.

Troubled casino giant Start Entertainment has sold off its Sydney events venue to Foundation Theatres for what has been dubbed a fire sale price of $60 million. 

Allens has bolstered its real estate team with the recruitment of a long-time Clayton Utz partner to join its Sydney office.

Advised by Arnold Bloch Leibler, fund manager Merricks Capital has sold the $155M Melbourne Place Hotel after it opened in the Paris end of the CBD in December.

Real estate lawyer Vicki Aron has joined Clayton Utz’s Sydney office as a partner after seven years at Ashurst.

The liquidators for landbanking company Aviation 3030 can recover half of a $3.4 million landholder duty from a former director, after a judge found they reaped benefits from indirect ownership in land sold for $135 million in 2018. 

Property fund manager GPT Group has announced it will increase its stake in Melbourne’s Highpoint Shopping Centre to 25 per cent in a $204.6 million transaction.

A judge has rejected green developer Kingshill’s development application for an “ecologically sustainable” 1,900 residential lot concept in Port Stephens, upholding findings that it could have significant impacts on local wildlife.

The owners of One Central Park in Sydney have struck a deal with the NSW government for more time to replace its Aluminium Composite Panel cladding, which has been largely banned due to fire risk. 

The valuer general of Victoria has told the High Court that a property in Melbourne’s CBD should be valued at $6.2 million rather than $2.9 million, despite a heritage constraint on development.