Lender WholeCap has lost its bid for a “break fee” and $430,000 in legal costs billed by King & Wood Mallesons associated with a term sheet for a proposed $66.1 million loan to a Harbour Land entity.
A court has clarified that BaptistCare Community Housing can use a social housing property in Five Dock to secure a loan from Housing Australia for improvements at the site.
Kent Projects, the engineering firm behind the world-first Kwinana energy transformation hub in WA, is not giving up its fight against fraud claims in a case by the CFMEU.
Property developer Mirvac has successfully challenged the land tax valuation of a North Sydney office block, securing a $6.25 million reduction following a conciliation conference with the Valuer General of NSW.
Real estate investment firms Dexus and Ho-Group have convinced the valuer general of NSW to knock roughly $26 million off its initial valuation of a Sydney office sold by Ho-Group last year that was used in a land tax assessment.
Directors of a family-run construction company that caused a landslide resulting in a couple’s NSW Central Coast home being “effectively worthless” has been ordered to pay over $2 million dollars.
Logistics company Qube wants the High Court to clarify the scope of an adjudicator’s role in determining a contractor’s payment claims under the SOP Act.
A court has awarded only $100 in nominal damages to the owner of a $5 million industrial site in the ACT, despite finding there was cracking in a concrete slab covered by a warranty.
Developer Australia YMCI has reached an agreement with Parramatta on its application for remediation works at its $5B Ovation Quarter residential complex at Sydney Olympic Park.
Developer VSD Investments has lost an argument for withholding an $8.5 million payment claim from the builder of a 30-storey project in Sydney’s inner west pending the construction company’s appeal.