Australia, June 5 -- New South Wales Land and Environment Court issued text of the following judgement on May 6:
1. These proceedings concern a contract entered into on 5 December 2024 for the sale and purchase of the land known as 262 Castlereagh Street, Sydney and 271 Elizabeth Street, Sydney (the Property) between The Returned and Services League of Australia (New South Wales Branch) (RSL) as vendor and CE Hyde Park Pty Limited (CEHP) as purchaser (the Contract).
2. The Contract came into existence as a result of CEHP exercising its call option under a Deed of Put and Call Option that had been entered into on 6 December 2020 between RSL (as grantor) and CEHP (as grantee) (the Option Deed).
3. The parties have fallen into dispute about...