122 Pitt Street Pty Ltd ACN 104 825 961 v Universal 1919 Pty Ltd [2015] NSWSC 234

Supreme Court New South Wales

Medium Neutral Citation: 122 Pitt Street Pty Ltd ACN 104 825 961 v Universal 1919 Pty Ltd [2015] NSWSC 234 Hearing dates: 23 February 2015 Date of orders: 17 March 2015 Decision date: 17 March 2015 Jurisdiction: Equity Division - Commercial List Before: Kunc J Decision: Valuation binding on parties; summons and cross-summons dismissed Catchwords: LANDLORD AND TENANT – Rent – Commercial lease – Whether rent review by valuer made in accordance with contract – Whether express contractual definition of "Fitout Work" includes "fitout" – Directions to parties if rent review set aside Legislation Cited: Supreme Court Act 1970 (NSW) Cases Cited: Barescape Pty Ltd v Bacchus Holdings Pty Ltd (No 9) [2012] NSWSC 984 Bitannia Pty Ltd v Parkline Constructions Pty Ltd [2009] NSWSC 1302 BP Refinery (Westernport) Pty Ltd v Shire of Hastings (1977) 180 CLR 266 Candoora No 19 Pty Ltd v Freixenet Australasia Pty Ltd (No 2) [2008] VSC 478 Electricity Generation Corporation v Woodside Energy Ltd [2014] HCA 7; (2014) 251 CLR 640 Legal & General Life of Australia Ltd v A Hudson Pty Ltd (1985) 1 NSWLR 314 National Australia Bank Ltd v Clowes [2013] NSWCA 179 Taylor Woodrow Property Co of Australia Pty Ltd v Coles Myer Ltd [1999] NSWCA 204; (1999) 9 BPR 17, 449 Texts Cited: Sir K Lewison & D Hughes, The Interpretation of Contracts in Australia, Lawbook Co, 2012 Butterworths Australian Legal Dictionary, Butterworths, 1997 Category: Principal judgment Parties: 122 Pitt Street Pty Ltd (ACN 104 825 961) (Plaintiff) Universal 1919 Pty Ltd (ACN 098 260 934) (Defendant) Representation: Counsel: B. Walker SC, S.J. Stanton, M. Holmes (Plaintiff) J.A.C. Potts (Defendant)