Real Estate

The lead plaintiffs in a class action over the compulsory acquisition of land for the WestConnex road project will press on with a bid to discontinue the case, telling a judge they have exhausted all options for funding.

An investment company which retained Hall & Wilcox to advise on the sale of a Mornington Peninsula shopping centre has sued the law firm for millions, alleging due diligence failures in relation to asbestos at the property. 

A Sydney developer has successfully challenged a decision which rejected its plans to demolish a 32-room boarding house for the construction of four luxury residences in Paddington, with a judge calling the decision "personal and idiosyncratic".

The NSW Court of Appeal has dismissed an appeal launched by a Canberra warehouse owner, which sought over $5.3 million from the previous owner for the cost of replacing a concrete slab.

A Dexus managed fund has paid $683 million to Scentre Group to increase its stake in Brisbane's Westfield Chermside shopping centre.

A developer has failed to revive its $400 million lawsuit against an investor over a development at the site of the former Pentridge Prison in Victoria, with an appeals court agreeing the case was properly dismissed. 

The developer of an apartment complex in Melbourne's east can retain a $883,000 deposit from convicted fraudster Demetrios 'James' Charisiou's real estate investment firm, which was found to have repudiated a contract over email.

A court has granted an application for a development that will demolish part of a former Commonwealth Bank building in Sydney's inner west to construct a co-living building.

Retirement village operator Lifestyle Communities will offer a new fee model to existing homeowners following an appeal of a ruling in July that its exit fees were unenforceable.

Hong Kong-based Far East Consortium has sold a 50 per cent stake in the Ritz-Carlton Perth to Cayman Islands-based Generation Essentials Group for $100 million.