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Hemmes vs. Sydney Metro: Land Dispute

Billionaire Justin Hemmes is in a multi-million dollar legal battle with Sydney Metro over land compulsorily acquired for a new station. The dispute involves land valuation, development plans, and access rights.

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United Kingdom

UkLawsuitReal EstateDevelopmentDisputeValuation

Hemmes Hermitage Pty LtdSydney MetroNsw Valuer GeneralCity Of Sydney CouncilMerivale

Justin Hemmes

Why did the dispute begin?: The dispute arose after Sydney Metro compulsorily acquired two properties owned by Hemmes Hermitage, which were intended for redevelopment as part of The Ivy precinct. Hemmes Hermitage argues the acquisition significantly reduced the value of their property and disrupted their development plans.
What arguments are used by each party in the dispute?: Sydney Metro rejected a \$102 million offer from the NSW Valuer General and argued that the proposed development schemes were not significantly advanced and a laneway owned by the City of Sydney Council would have hindered it. They also dispute Hemmes Hermitage's \$498,000 claim for legal fees.
What other legal issues are related to the main dispute?: In addition to the land dispute, Hemmes is involved in a separate legal battle concerning the rights to build two skyscrapers above the new Metro station. The outcome of these legal challenges remains uncertain and will significantly affect the redevelopment plans and property valuations involved.
What is the core dispute between Justin Hemmes and Sydney Metro?: Justin Hemmes's Hemmes Hermitage Pty Ltd is disputing Sydney Metro's valuation of land acquired for a new metro station. Hemmes Hermitage claims the land is worth \$215 million, while Sydney Metro values it at \$91 million.
What are the financial implications of the dispute for both sides?: Hemmes Hermitage launched a separate lawsuit seeking \$19 million from Sydney Metro for loss of access rights, estimating a reduction in the Ivy Precinct's value from \$525 million to \$506 million. The case is ongoing, with both parties offering limited statements to the media.

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