Northlake Investments Ltd has lost the breach of contract case it took against Wanaka Medical Centre Ltd, relating to a "healthcare hub" planned for its subdivision in Wanaka. He ordered judgement for Wanaka Medical and ordered Northlake to pay its costs and disbursements — amounts yet to be set. Discussions between Northlake and Wanaka Medical began in 2016 involving, among others, Northlake general manager Marc Bretherton and Drs Andrew McLeod and Mark Feeney. Wanaka Medical argued the heads of agreement was not a contract to lease premises at Northlake, which Justice Osborne accepted. According to the minutes of the meeting, Mr Meehan said Northlake "was wanting a 5% return on investment".

Source: Otago Daily Times December 20, 2019 15:33 UTC