CapitaLand appeal on Gillman deadline

CAPITALAND, the lead buyer of Gillman Heights, has asked the Court of Appeal to review one point of a High Court ruling that allowed the estate’s collective sale to proceed.

Its move comes after a group of 10 minority owners from the estate filed an appeal over the sale earlier this week.

CapitaLand bought the $548 million Gillman Heights site together with Hotel Properties and two private funds. The sale was opposed by some owners but was eventually given the go-ahead by the High Court.

But in dismissing the objecting owners’ appeal, the Court also ruled that the sale committee could not agree to extend the deadline for obtaining the Strata Titles Board’s approval to Feb 5.

This was despite a supplemental collective sale agreement that had made a valid extension of the deadline to this date.

It is this point that CapitaLand is focusing on. Its legal move is to protect itself if the point is raised by the minority owners at the court hearing.

A spokesman said: ‘The filing of the cross-appeal is primarily technical and the aim is to preserve and strengthen our position in the Court of Appeal hearing.’