Dexus, one of the country’s largest real estate investment firms, will be forced to pay nearly $30 million in legal costs following its disastrous court loss, which is forcing the sale of its prized investment in Melbourne Airport.
Supreme Court justice David Hammerschlag ruled on Monday that Dexus needed to pay the shareholders of Australia Pacific Airports Corporation (APAC) – owner of Melbourne and Launceston airports – a combined $29.98 million in legal costs.
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