Nathan Tinkler vs Mirvac scheduled for October showdown

Mirvac will seek to secure mining magnate Nathan Tinkler's $17 million payment for a Newcastle industrial land purchase in a two-day court hearing next month.

Mirvac and Tinkler are embroiled in the NSW Supreme Court legal stoush over an agreement to buy the land in the NSW Hunter region.

The Mirvac company, Domaine Steel, has already successfully sued two of Tinkler's companies, Ocean Street Holdings and guarantor Buildev Group, in the NSW Supreme Court after they failed to proceed with the purchase agreement.

Tinkler was given a court-ordered deadline to pay Mirvac around $17 million by September 1.

But after the deadline was missed, Mirvac lodged a contempt of court order to sequester Tinkler's assets.

The matter was heard on directions in the NSW Supreme Court today with a hearing date set for October 23 and 24 before Justice Michael Slattery.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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