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 lead plaintiffs in a lawsuit against Transport for New South Wales over the compulsory acquisition of land for the WestConnex road project have won their bid to toss a third suit brought by the funder which backed the case.
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.
Two sacked executives of JLL’s industrial division have filed court action against the publisher of The Australian over articles they say had a “devastating” impact on their reputations and cost them up to $15 million.
Global real estate investment giant Colliers has boosted its presence in South Australia by acquiring a leading Adelaide-based urban development consultancy.
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.