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Construction PRO
Charter Hall strikes $500M to buy into Sydney office precinct
Real estate fund manager Charter Hall has reportedly acquired a 50 per cent stake in Sydney's O'Connell Street precinct from the Abu Dhabi Investment Authority for $500 million.
Construction PRO
Aged care provider Mercy wins case over Belrose Care acquisition
A judge has thrown out a breach of contract case against MercyCare over the purchase of Belrose Care and its Perth properties, finding the aged care provider complied with a deferred payment clause in their deal.
Construction PRO
Deloitte appointed, $15M in ore seized from Liberty smelter
The Tasmanian government has seized $15 million worth of manganese ore from Liberty Bell Bay's smelter after its owner, GFG Alliance, breached the terms of a loan with the state by failing to resume operations.
SCU tutor loses suit over school’s failure to provide special chair
A tribunal has found that Southern Cross University did not discriminate against a former employee by requesting medical evidence before providing him with an ergonomic chair during the COVID-19 epidemic.
Construction PRO
Court OKs unusual time limit on Tamworth industrial site development
A court has upheld a three-year time limit attached to a council's development consent for a local distribution centre at a proposed industrial precinct in Tamworth, NSW.
Construction PRO
$40M suit against real estate investors spiked amid HK criminal case
Lawsuits against a Chinese real estate investor and his mother involving transactions linked to Sam Fayad's Dyldam Group have been paused pending criminal proceedings against the pair in Hong Kong.
Allens nabs corporate partner from Herbert Smith Freehills Kramer
Allens has lured a senior corporate partner from rival firm Herbert Smith Freehills Kramer.
Construction PRO
Court finds body corporate can brings case in its own name against Devine
A court has ruled that the body corporate of a block of units can bring a contract claim against builder Devine in its own name, finding that parliament did not intend to import the technical legal meaning of ‘subrogation’ into legislation governing owners corporations.
Construction PRO
Crema can’t bar access to $6M in battle with Malvern Collective developer
Construction company Crema has lost a bid for an injunction blocking the developer of a luxury apartment complex in Melbourne’s east from accessing $6 million in performance security amid a fight over project delays.
Coles to face ACCC scrutiny over WA supermarket development
The merger regulator will put Coles Group's proposed purchase of a Kalgoorlie supermarket and liquor store site in the hot seat, saying the leasehold acquisition could limit competition and needs further scrutiny.