Lendlease (Goldfields Residential) Pty Limited and Lendlease (Goldfields Hotel) Pty Limited, v Valuer General of New South Wales [2025] NSWLEC 1071

Land and Environment Court New South Wales

Medium Neutral Citation: Lendlease (Goldfields Residential) Pty Limited and Lendlease (Goldfields Hotel) Pty Limited, v Valuer General of New South Wales [2025] NSWLEC 1071 Hearing dates: Conciliation Conference on 1 November and 9 December 2024 Date of orders: 11 February 2025 Decision date: 11 February 2025 Jurisdiction: Class 3 Before: Davidson AC Decision: Proceedings 2024/174391 The Court orders: (1) The appeal is upheld. (2) The value of the whole land formerly legally described as Lot 8 in Deposited Plan 1224258, known as 1 Alfred Street, Sydney, NSW 2000 is amended to $505,340,000 for the valuing year 1 July 2022 pursuant to s 6A of the Valuation of Land Act 1916 Proceedings 2024/174392 The Court orders: (1) The appeal is upheld. (2) The value of the whole 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