The long running and contentious Stockland/Queens Lake village saga is over. Residents refused the budget items insurance ($23,100) and corporate recharge ($28,594) because no detail was given. The Judge stated the residents could not make an informed decision and consequently did not have to pay. Stockland inherited the problem with their Aevum purchase and offered to pay up to $50,000 in resident legal fees to take the issue beyond the Tribunal to the District Court. The residents, led by John Cooper, believe this now sets a precedent on the non payment of budget items with inadequate information.
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Land lease operator Lincoln Place gears up for ASX listing or $1B sale
In just six years, Nick Collishaw and Ben Hindmarsh have built Lincoln Place into one of the fastest-growing land lease operators, with 24 lifestyle communities across NSW, Victoria, Queensland and the ACT, housing 2,000 residents and a pipeline of around 4,500 dwellings.