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An appeals court has relaxed freezing orders against Sydney property developer Golden Rain, allowing it to sell property to repay its debts while it defends a $26 million defects claim by the owners corporation of the Sugarcube Apartments and Honeycomb Terraces developments.
Construction PRO
The NSW government has approved a $1 billion logistics and industrial estate in the Western Sydney Aerotropolis, the largest industrial development to date in the area near the city's new airport.
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Dexus has dragged five of its insurers to court seeking indemnity for more than $16.5 million in remediation costs stemming from alleged defects in the waterproofing system that was installed as part of the $150 million redevelopment of Sydney's MLC Centre.
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An appeals court has granted a builder's appeal in a dispute over payments for work on the Seasons of Perth hotel, finding the strict one-day deadline for serving an adjudication review application under Western Australia's Security of Payment Act is a jurisdictional requirement.
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The owner of a proposed shopping centre development in Melton is appealing a Victorian Supreme Court order that it return $1.5 million to a defunct developer that allegedly breached a $30 million land sale contract.
Investors in Falcon Capital's First Guardian Master Fund will recover less than 10 per cent of a $33.5 million loan advanced to an inexperienced Melbourne developer, under a settlement reached by the company's liquidators.
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A group of Gold Coast residents has asked the High Court to overturn the approval of a nine-story luxury residential development, arguing the court failed to consider the 'reasonable amenity expectations' of neighbouring residents before allowing the building to exceed local height limits.
The applicants in a class action against Transport for NSW over the construction of the Sydney CBD light rail have lost their appeal of a ruling that ordered the government to pay just 65 per cent of their trial costs, which they claim amounts to a $5.4 million reduction.
Construction PRO
Qube and Martinus Rail are locked in another courtroom fight over Sydney's $4 billion Moorebank Intermodal Terminal, with Qube firing off a lawsuit to enforce a $26 million arbitration award.
Construction PRO
The Boroondara City Council has sued over a James Packer-backed residential development slated for construction in the heart of Kew Junction, alleging the planning minister wrongly accepted that adjoining land could be utilised in the development.