The building developer Meriton stands to lose a caretaker contract at World Square worth more than $2 million a year after a dramatic falling out with tenants.
The owners’ corporation of the World Tower residential apartments at World Square has accused the builder of breach of contract over building defects and maintenance issues worth more than $1 million.
A Fairfax Media investigation has discovered the owners’ corporation has served Meriton, its building caretaker, with at least 15 official breach notices and formal complaints in the past two years.
Some of the breaches include fire safety defects and Meriton’s failure to provide security swipe card details amid concerns over overcrowding in the building.
Meriton awarded itself the building management contract for World Tower after it completed the development in 2004 — via redwolf.newsvine.com