(02) 8379 1277
law@fmlegal.com.au
We are often asked if we can stop the acquisition of land. Unfortunately, the answer is usually “No”. However, the law allows for compensation on "Just Terms". The compensation paid depends on the property in question:
For property owners: The fair market value is applied, considering the property's highest and best use. Legal fees and valuation fees are also covered, ensuring owners are not out of pocket for being forced to sell to Metro.
For tenants: The lease may have value, especially if the tenant is paying below market rent. The lease gives the tenant a right to compensation. Even if the tenant pays market rent, the lease provides a right to "disturbance" compensation, covering:
New fit-out costs
Removalist costs
Legal and valuation fees
Other losses, such as loss of profit
2032: The scheduled opening alongside the rest of the Sydney Metro West line.
May 2024: Construction continues on the acoustic shed and shaft excavation at Pyrmont East. The first roadheader is expected later in the month for underground cavern excavation.
April 2024: The NSW Government progresses the Sydney Metro West development, a new underground metro railway to double rail capacity between Parramatta and the Sydney CBD, linking new communities to rail services and supporting employment growth and housing supply.
March 2024: The Sydney Metro West infrastructure project continues with the awarding of the contract to John Holland CPB Contractors Ghella Joint Venture (JCG) for delivering 3.5 kilometres of twin metro rail tunnels between The Bays and Hunter Street and excavating the Pyrmont and Hunter Street metro stations.
February 2024: Preliminary concepts for a mixed-use 31-story tower above the station were released for public consultation. The consultation period ended on April 9, 2024.
September 2022: Approval was granted for station excavation and tunnelling.
February 2023: The modification report for 24/7 tunnelling was on public exhibition.
