Australian developer sues for A$100m after rail project halts 218-apartment build
An Australian property developer has sued Victoria's Suburban Rail Loop Authority for at least A$100 million after a railway project stalled construction of 218 apartments in Melbourne for two years. The dispute concerns the government's acquisition of underground land, leaving more than 100 homebuyers waiting for their apartments.
An Australian property developer is suing the Suburban Rail Loop Authority (SRLA) for at least A$100 million in compensation after a railway project halted construction of a 218-apartment development in Melbourne. The Southpoint project, located on Nepean Highway in Cheltenham, has been on hold for two years, leaving over 100 buyers waiting for their homes.
The dispute stems from the planned underground car park near the proposed SRL tunnel route. Developer H1Land claims it was misled by the government about the impact of the railway project on its property and that it did not receive fair compensation. The government is also accused of removing some of the developer's rights over the underground land, which could reduce the compensation offered.
Construction stopped when the builder received a notice from SRLA in May 2024, claiming the land beneath the property would be acquired. H1Land is now seeking compensation for the money already spent, losses caused by delays, legal expenses, and profits lost, with the total claim expected to exceed A$100 million. Over 100 apartment buyers are still waiting for their homes, and the dispute could have broader implications for other property owners affected by major government infrastructure projects.
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