Real Estate

Hotel manager Ennismore has argued a notice by the owners of The Olympia hotel in Paddington terminating a management agreement is invalid and wants the dispute sent to arbitration.

Charter Hall is teaming up with Japanese real estate company Tokyo Tatemono and UBS Asset Management on a portfolio of logistics assets across the east cost with a target end value of $1.2 billion.

Japan-based Optimus has sued Grant Thornton for allegedly giving negligent restructuring advice following its acquisition of dealership group Autopact, which resulted in the company owing $3 million in stamp duty, income tax and other costs.

Coles wants to file further expert evidence in its dispute with the ACCC over the acquisiton of land in Kalgoorlie, WA, claiming it had no notice of the regulator's "novel" theory of harm.

Ingenia Communities has rejected a revised $2 billion unsolicited takeover offer from private equity firm Warburg Pincus, which would require it to abandon its acquisition of land developer Peet.

Real estate investor Abacus Group has sold off its 19.6 per cent stake in Storage King to existing shareholder Ki Corporation for $284 million.

A judge has agreed to recuse himself from hearing a contempt case against a director of property developer Villawood after finding last year he gave false instructions to a Mills Oakley lawyer to mislead the court.

ASX-listed MA Financial has acquired a 50 per cent stake in The Glen Shopping Centre in Melbourne’s south-east for $327.5 million.

The ACCC has hit back at Coles’ challenge to the regulator’s rejection of its Kalgoorlie, WA land acquisition, slamming as too narrow the competition test advanced by the supermarket giant.

A company controlled by Paul Chiodo has lobbed a $200 million suit targeting City Built director Roberto Filippini, with the former Keystone director joining the company's liquidators in chasing millions in alleged misappropriated development funds.