Contracts

Real estate fund manager Centuria Capital has acquired the management rights to 22 agricultural properties worth $444 million, expanding its portfolio in the sector to $1.3 billion. 

The operator of the Snowy Mountains hydro-electric scheme has secured new partnerships with a South Australian wind farm and a Victorian battery storage facility.

The purchaser of Frankston’s $115 million Peninsula Kingswood Country Golf Club has lost a summary dismissal bid, with the court calling out its “contrariness” as stymieing the case's progress without real cause. 

Real estate asset manager Dexus has won access to advice given by the lawyers of two shareholders of airport operator APAC over an alleged breach of a shareholder deed. 

A judge has handed Shinetec a win in its dispute with the developer of a scuttled $185 million project in Sydney, finding that $48 million owed by the builder to its parent company after the developer called on a letter of credit fell within the definition of ‘secured money’.

A superannuation fund has taken McCullough Robertson to court, arguing that its former solicitors failed to warn that a $33 million share sale agreement with Firecroft Technical Services could be jeopardised if a related Fair Work Commission approval was quashed. 

A Sydney builder has lost its challenge to a $453,000 judgment for a developer, with an appeals court finding the construction company claimed payment for a greater amount of work than was done on a project in Dural. 

A judge has stayed a bid by the Illawarra Hawks and Melbourne Phoenix basketball clubs for preliminary discovery to determine whether to pursue claims against the National Basketball League.

A construction project superintendent who revised down costs previously paid to the builder contracted on the Shenton Quarter development in Perth acted outside the terms of the contract, a court has found.

Production company AI Film wants a NSW court to issue an anti-suit injunction against actress and director Rebel Wilson, after she filed a cross-claim in legal proceedings in the US.