A legal battle between developer Lend Lease and the New South Wales government’s Barangaroo Delivery Authority threatens to delay development at the harbourside location in Sydney, according to The Australian Financial Review.
The dispute between the two parties is believed to centre on the procedure for valuing commercial towers at the Barangaroo development site.
The AFR reported that settlement talks remained a long way from resolving the disagreement, placing a cloud over the development of the third office tower at the site.
However, Crown Resorts’ proposed hotel in Barangaroo is likely to be unaffected by the legal wrangle.
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Legal wrangle could slow progress at Barangaroo development site.
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