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NSW strata managers to face penalties for violating new disclosure rules
Real Estate 2025-02-12 11:17 pm By Julia Kanapathippillai

New rules requiring strata managers to disclose conflicts of interests and kickbacks to owners have come into effect in New South Wales.

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Construction PRO
Developer owes financier after using tax refund for $23M Sydney home: court
Real Estate 2025-02-12 11:50 pm By Cindy Cameronne

A developer is on the hook for $2.6 million after a court found he misappropriated a tax refund associated with a scheme to develop property in Spring Farm, NSW and put it towards a luxury Sydney home in his wife’s name. 

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Colin Biggers & Paisley appoints partner to lead property insurance team
Insurance 2025-02-12 2:55 pm By Sam Matthews

Law firm Colin Biggers & Paisley has appointed a former Lander & Rogers consultant to lead its property insurance team.

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Construction PRO
Luxury tower developer hit with freezing order in $10.6M defects suit
Construction 2025-02-11 11:39 pm By Julia Kanapathippillai

A Sydney premium property developer has been slapped with a freezing order that prohibits it from disposing of assets over $10.6 million as it faces a defects suit from the owners corporation of a Milsons Point tower.

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Construction PRO
Charter Hall boosts social infrastructure REIT with $47M Clinipath buy
Real Estate 2025-02-11 11:00 pm By Cat Fredenburgh

Real estate fund manager Charter Hall has paid $47 million to purchase a Clinipath Pathology lab in Perth, bolstering its social infrastructure investment trust.

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Class action accuses NSW developer, council of negligence
Class Actions 2025-02-07 12:50 pm By Cat Fredenburgh

A class action has been filed against a NSW luxury developer and a local council by property owners alleging the land selected for a 683-lot project was unfit for residential development.

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Defunct Westpac unit RAMS settles trade mark dispute with fund manager
Intellectual Property 2025-02-06 11:54 pm By Julia Kanapathippillai

Defunct Westpac mortgage broker RAMS has reached a settlement in a trade mark stoush with fund manager Real Asset Management.

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Construction PRO
Cushman & Wakefield unit loses suit over $1.2B property services acquisition
Real Estate 2025-02-05 11:48 pm By Cindy Cameronne

Commercial property firm DTZ Worldwide has lost its bid for $243 million in damages related to its acquisition of United Group from UGL Limited over United’s alleged failure to disclose that a key contract was “loss-making”. 

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Construction PRO
CapitaLand exec accused of stealing $2.7M still missing in South Korea
Real Estate 2025-02-05 11:20 pm By Christine Caulfield

Singapore real estate asset manager CapitaLand is still looking for an executive accused of stealing $2.7 million, eight months after securing freezing orders against him, a court has heard.

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Construction PRO
Victoria’s inquiry into regional housing crisis gets underway
Victoria 2025-02-05 11:12 pm By Christine Caulfield

A state parliament inquiry is underway into the supply of homes in regional Victoria amid a critical housing shortage.

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