Lendlease (Goldfields Residential) Pty Limited v Valuer General of New South Wales [2025] NSWLEC 1046

Land and Environment Court New South Wales

Medium Neutral Citation: Lendlease (Goldfields Residential) Pty Limited v Valuer General of New South Wales [2025] NSWLEC 1046 Hearing dates: Conciliation Conferences on 1 November and 9 December 2024 Date of orders: 29 January 2025 Decision date: 29 January 2025 Jurisdiction: Class 1 Before: Davidson AC Decision: Proceedings 2024/215070 The Court orders: (1) The appeal is upheld. (2) The value of the whole of the land legally described as Lots 1, 2, 3 and 4 in Deposited Plan 1290500, is amended to $505,340,000 for the valuing year 1 July 2022 pursuant to s 6A of the Valuation of Land Act 1916 and is apportioned pursuant to s 26A of the Valuation of Land Act 1916 in the following manner: Lot Apportionment Land Value Lot 1 (Residential) 85.30% $431,047,677 Lot 2 (Hotel) 12.88% $65,080,545 Lot 3 (Rugby Place) 0.02% $88,712 Lot 4 (Retail) 1.81% $9,123,067 Total 100.00% $505,340,000

Proceedings 2024/274477 The Court orders: (1) The appeal is upheld. (2) The value of the whole of the land legally described as Lots 1, 2, 3 and 4 in Deposited Plan 1290500, is amended to $505,340,000 for the valuing year 1 July 2023 pursuant to s 6A of the Valuation of Land Act 1916 and is apportioned pursuant to s 26A of the Valuation of Land Act 1916 in the following manner: Lot Apportionment Land Value Lot 1 (Residential) 85.30% $431,047,677 Lot 2 (Hotel) 12.88% $65,080,545 Lot 3 (Rugby Place) 0.02% $88,712 Lot 4 (Retail) 1.81% $9,123,067 Total 100.00% $505,340,000