Although Meriton’s contractor prevailed in a cladding spat over Brisbane’s Infinity Tower, the owners corporation’s arguments were not at all stages “without merit”, a QCAT member has said in declining to award the builder its costs.
Investors who alleges they were misled about a Melbourne apartment development have reached a $2.5 million settlement in class action proceedings.
A judge has said that asset preservation orders are likely warranted against the former head of collapsed builder Quasar Constructions, after its liquidator revealed he sold $24 million in property interests shortly before the company went under, but found he did not have power to make the orders.
Investment house Washington H. Soul Pattinson has reached a merger agreement with building products and property company Brickworks to create a $14 billion powerhouse.
A judge has signed off on a confidential settlement in a class action over off-the-plan homes in a proposed north-west Sydney development, including a clause that prevents group members from making any public statements about the suit or disparaging the parties.
The owner of Seasons of Perth Hotel has notched a partial victory in its fight with construction company Reward Group over performance bonds.
After 50 directions hearings, a long-running dispute between the owners of a 23-storey building in Docklands and insurer AAI will go to trial next year, a fed-up judge has said.
Lendlease can’t bring new claims in an unsuccessful fight over Campbelltown plots worth $120 million, with a judge finding it was not appropriate to allow the amendments “at this very late stage”.
Real estate fund manager Charter Hall has secured leases for 90 per cent of its $850 million Light Horse logistics hub in Eastern Creek, Western Sydney.
Cladding maker 3A Composites has lost its bid to set aside a cross-claim in a suit against the builder of the Tempo residential towers in Botany Bay over allegedly flammable aluminium composite panels.