Legal brawling over Queens Wharf costs and delays heading for court
Multiplex and the Destination Brisbane consortium have continued to brawl over costs of the massive Queen’s Wharf project with another court case initiated.
Star Entertainment will open its Queens Wharf joint venture development next year (Image: Supplied Queen's Wharf).
Star Entertainment, which is part of the consortium, revealed that Destination Brisbane had been served with an originating process in the Supreme Court from Multiplex.
An originating process is a legal alert that a case is being actioned.
“As previously disclosed, DBC has been in ongoing discussions with Multiplex regarding purported claims for additinal costs, extensions of time and damages, which DBC has disputed,” Star told the ASX.
The project’s timelines have blown out significantly with guidance for the opening at one stage set for mid-2023. It’s now expected to be April next year.
Cost blowouts have been estimated at $260 million, due to inflation impacts on materials, labour shortages and supply chain disruption.
“The Star understands that the claim seeks various declarations from the court regarding extensions of time, relevant milestone dates, liquidated damages, variations and certain other matters including potential sums payable in connection with the contract and seeks various orders in relation to those matters,” Star said.
“The Star understands that DBC intends to defend the proceedings and The Star will keep the market informed upon filing of DBC’s defence and any counter claims.”
