Adele Carr

Lendlease has abandoned its bid to purchase a parcel of land owned by one of Australia’s oldest families for well below market value as part of its project to develop 6,700 homes in Campbelltown, Sydney.

Lendlease’s hopes of acquiring, subdividing and selling lots in a Campbelltown block have been deferred, with a judge finding he could not make urgent orders with a question mark hanging over the construction of a relevant deed. 

The University of Sydney has lost a bid to amend its claims against a consultant in litigation over allegedly defective building work carried out on its Charles Perkins Centre in Camperdown.

The liquidators of failed engineering company Hastie Group have appealed a decision that knocked out half its $120 million case against Multiplex, Lendlease and numerous other builders.

Lendlease and other major builders have secured a significant victory in a long-running case brought by the liquidators of failed engineering company Hastie Group, with a judge saying Hastie wasn't entitled to the proceeds of bank guarantees withdrawn by the builders when it collapsed 10 years ago.

A bid by the liquidators of collapsed engineering company Hastie Group for Lendlease to pay back funds it withdrew under bank guarantees is “untenable” and “misconceived”, a court has heard in a $68 million case that also targets Multiplex, Grocon and John Holland.

A shareholder's attempt to reverse a $3.15 million share acquisition by the managing director of construction giant Consolidated Builders Ltd has been dismissed by a judge, despite finding the case had "a reasonable probability of success".