The plaintiff developer entered into two Agreements of Purchase and Sale to acquire properties for residential redevelopment.
The vendor of the Brock Street property wrongly terminated the agreement after the plaintiff properly delivered a waiver of conditions by email.
The court awarded the plaintiff $3.2 million in damages based on the increase in the property's value.
The plaintiff's claim regarding the Hopkins Street property was dismissed because it failed to deliver a waiver by the extended deadline.
The defendants' counterclaims for damages arising from the registration of Certificates of Pending Litigation were dismissed, as the plaintiff had a reasonable claim to an interest in the land.
