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Construction PRO
Lendlease has abandoned its bid to purchase a parcel of land owned by one of Australia’s oldest families for well below market value as part of its project to develop 6,700 homes in Campbelltown, Sydney.
Construction PRO
BESIX Watpac and Frasers Property are fighting claims they are liable for defects in two residential complexes in the Sydney suburb of Chippendale, including the $2 billion One Central Park towers.
Construction PRO
Major developer Stockland has filed proceedings against Probuild Constructions over alleged faulty works completed on a stormwater system in a Rockingham shopping centre.
Construction PRO
A developer is on the hook for $2.6 million after a court found he misappropriated a tax refund associated with a scheme to develop property in Spring Farm, NSW and put it towards a luxury Sydney home in his wife’s name.
Construction PRO
Gold Coast developer FW Estate has defeated a lawsuit alleging a development in Jimboomba was the product of a joint venture.
Construction PRO
A guarantor of developer Westgem Investments can amend her claim against Westpac and the Commonwealth Bank related to the financing for a commercial development in Perth’s Raine Square.
Construction PRO
A Sydney premium property developer has been slapped with a freezing order that prohibits it from disposing of assets over $10.6 million as it faces a defects suit from the owners corporation of a Milsons Point tower.
Construction PRO
The developers of a Brunswick Heads housing estate have the OK to raise a new defence to injunctions sought by an environmental group.
Construction PRO
Former directors of Steller Developments have told a court they did not intend to guarantee the company's debt in the event of bankruptcy, as trial kicked off in proceedings by the collapsed Melbourne developer's liquidators.
Construction PRO
A Sydney law firm and its principal have been ordered to pay over $1.2 million to a former client after the solicitor was found to have failed to give proper advice about a hotel purchase.