Court Awards Malvern Unit Block Owners 10pc of Claim
The owners of an apartment block in a Melbourne suburb have been awarded a little more than 10 per cent of the compensation they sought for defects in the building.
In a case of what has been described as “unfortunate circumstances”, the owners’ corporation of a 26-unit apartment block at Malvern East sought damages from builder Devakon in the case brought before the Victorian Civil and Administrative Tribunal (VCAT).
The owners had sought $1 million from the builder, despite the builder having ceased work on the site after a major dispute with the developer partway through the build.
TUD+ Member Only Content
Want to read more?
Sign in to your TUD+ Account or join 50,000 property professionals who stay up to date with our newsletters and market trends with Australia's most trusted property journalists.
Basilica to Business: London Office Tower’s Historic Rework
Neighbourhood Hotels Reinvent Urban Hospitality
Melbourne Developers Hit Back at Mayor’s ‘Lazy Landlord’ Plans
Shrinking Servo Network Heralds Development Prospects
