A tribunal has ordered a defunct builder of a Dandenong apartment complex to pay $2.9 million in damages for a slew of defects and interest on a loan needed to replace combustible cladding.
An adjudicator’s decision awarding $10 million to a builder on Queensland developer Heran Group’s high-rise luxury apartment building in Main Beach lacked procedural fairness after he went outside the parties’ submissions, a judge has found.
A builder has lost an appeal arguing that a RW Capital unit was bound by an alleged contract to develop land in northern Sydney, said to be worth $25.75 million, after the trial judge found the claim was “doomed to fail”.
The managing director of the Australian arm of property developer Arada has lost his bid to bar a vote on his termination as he and the group’s CEO sling allegations of misconduct and dishonesty.
Two units of builder BGC have won a stay of building remedy orders to re-pipe homes fitted with faulty Iplex piping while they appeal the orders, but have lost a bid to adjourn the appeals.
Owners of apartments in Sydney’s One Central Park have been ordered to pay Frasers’ costs in defending a suit that sought declarations in relation to defective planter boxes on the building’s façade.
Engineering firm GHD Australia, which has recently been joined to a class action over a bus crash in NSW’s Hunter Valley that killed 10 passengers, has flagged bringing its own cross-claims.
Insurer Liberty Mutual has argued that CPB Contractors and John Holland’s $150 million in claims in relation to Sydney’s North West Rail project are largely out of time, in a lawsuit alleging the insurer breached its duty of good faith.
Property giant Frasers has expanded its capital partnership with Morgan Stanley to include a portfolio of $500 million in warehouse assets in NSW, Victoria and Queensland, bringing their partnership to over $1 billion in assets.
Liquidators for companies in the Dyldam Group have won an extension until early 2027 for further investigation of the defunct developer.