Property investment manager and developer Centennial has scooped up an A-grade office tower in Adelaide’s Pirie Street precinct for $50.5 million.
The owner of an Engadine site being developed into an apartment complex has been sued by the project’s builder, who seeks over $2 million in allegedly unpaid progress payments as well as damages for breach of contract.
A judge has ruled that the owners corporation of a 20-unit development in Cabramatta is entitled to damages from the developer over defects, after promised rectification works were not carried out by an agreed date.
The owners corporation suing Parkview Construction over alleged combustible cladding at the Australia Towers in Sydney Olympic Park is “hopeful” of a settlement being reached, a court has heard on the eve of trial.
Liquidators of collapsed Forge Group are close to settling their insider trading case against engineering and construction company Clough and former directors, a court has heard on what was to be the first day of trial.
A community group has filed a lawsuit over the government’s assessment of Santos’ Narrabri lateral pipeline, the latest challenge to the company’s $3.6 billion natural gas project in northern NSW.
A SOP Act adjudicator had power to determine that reasons proffered by a Queensland construction company for withholding payment to a concrete subcontractor were “new reasons” and not properly made, a court has found.
Construction group Roberts Co owes unsecured creditors almost $100 million, a court has been told as administrators secure more time for the builder’s founder to pitch a restructuring deal.
Developer Castle Group can move ahead with its purchase of a block of land in south west Sydney, with a court finding that purchasers of off-the-plan lots have no present interest that can defeat Castle’s right.
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.