Litigation

An iProsperity director must pay $5.3 million to ZACD for his conduct in convincing the Singapore-based real estate investment firm to cough up $37.5 million for its $300 million purchase of the AccorInvest hotels portfolio.

Canberra developer Geocon has won a Full Court appeal over the GST payable on $115 million in sales from a 360-unit development, with the case sent back to a tribunal for final determination.

Carlisle Homes has prevailed on a preliminary question in a dispute with Nexus Office over alleged defects in a Nexus Mulgrave rental space, with an appeals court finding an expert had not properly determined the dispute. 

Grand Ridge Plantations has lost an appeal seeking to halve the official valuation of its Gippsland timber forest, with a court finding that the trees on the land must be included in its assessed value.

New Zealand-based pipe manufacturer Buteline has been added to a case seeking damages over the installation of allegedly defective water pipes in a residential building in the Northern Territory.

A collapsed developer and its builder have failed again in their dispute against a financier over the Pentridge Village development in Melbourne, with an appeals court taking a critical view of years of delays.

An appeals court has allowed developer Sayers Property's $1.9 million insurance claim in relation to a $11 million purchase of land.

An owners corporation has won orders requiring builder Ceerose and developer Zone Q rectify some defects in a Sydney apartment building, but failed to win work orders in relation to others.

Launching a cross-claim in a former managing director's unfair dismissal case, commercial real estate broker Cushman & Wakefield wants orders for repayment of a $1.5 million bonus.

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.