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Construction PRO
Romeciti appeals $9M SOPA judgment for Watpac over Natura development
Sydney developer Romeciti is challenging a $9.19 million payment adjudication in favour of construction company Watpac in connection with a $450 million high-end residential complex in Macquarie Park.
Construction PRO
Development objector has no say after Land Court conciliation: appeals court
A NSW appeals court has found objectors have no right to weigh in on development applications once they reach conciliation in the Land and Environment Court, and that judges don't have to consider all material before the court. 
Construction PRO
Bankruptcy trustee for developer Sam Fayad worries $8M loan a ‘sham’
The bankruptcy trustee for Dyldam Developments director Sam Fayad has raised concerns about upcoming sales of property in western Sydney, saying an $8 million loan secured against the real estate may be a "sham".
Construction PRO
Ex-ACM head Antony Catalano in row over St Kilda penthouse defects
Former ACM head Antony Catalano and his wife are seeking compensation over alleged defects in the the façade of their $30 million St Kilda penthouse apartment, while attempting to sell the swanky digs for $6 million less than the initial asking price. 
Construction PRO
Monash College sued for $22M in rent under student housing deal
The operator of the Urbanest student accommodation in Melbourne has sued Monash College for $22.2 million in damages, claiming the university breached a contract over unoccupied bed rent. 
Construction PRO
Ingenia must repay homeowners after ‘excessive’ rent hike
A tribunal has dealt a blow to ASX-listed residential park owner Ingenia, ordering it to repay 50 per cent of the rent charged to residents at a Queensland park whose rent was raised by more than 26 per cent following a market review. 
Construction PRO
In blow to class action, judge finds Alucobond cladding could be used safely
A class action has failed to prove 3A Composites and Halifax Vogel misled consumers about allegedly flammable Alucobond cladding, with a judge finding developers and others were responsible for ensuring that it was safely used. 
Construction PRO
Challenging $10M stamp duty, ISPT says revenue office can’t lump acquisitions
In a hearing on its challenge to $10.6 million in stamp duty tax, ISPT said Monday Victoria's State Revenue Office was not entitled to aggregate two acquisitions that increased its stake in the Fort Street Real Estate Capital Fund to 95 per cent.
Construction PRO
Rio Tinto’s Tomago Aluminium fails in challenge to $52M valuation
Rio Tinto's struggling Tomago Aluminium Company has lost a challenge to a $52 million valuation of the land occupied by its Hunter Valley smelter, despite arguing the sum was too high in light of electricity costs and the limited pool of notional buyers.
Construction PRO
NewSat faces guillotine order over $10M in security for lenders’ costs
Defunct telecommunication company NewSat has until 7 April to pay security for defence costs in a case against a group of lenders that withdrew financial support for the company's satellite project.