Results revealed in Supreme Court case between GCB Constructions and Marine Quarter Southport

The result of a high-stakes court brawl between a major Gold Coast builder and the developer of its $97m twin tower project has been revealed.

The result of a high-stakes court brawl between a major Gold Coast builder and the developer of its $97m twin tower project has been revealed.

Varsity Lakes company GCB Constructions was sued by the developer of its largest project, the Marine Quarter towers at Southport, which court documents said had “run into major problems”.

The builder was being pursued by company Marine Quarter Southport, part of Buildcap, which is developer of the mammoth project of the same name.

The first tower in the project, named the Oceanic Tower, has been steadily rising next to the Broadwater Tourist Park, but the companies were at a stalemate over when the second stage, named Scenic Tower, should commence.

The case was set for a civil trial in the Brisbane Supreme Court from April 3-11, however it was discontinued by the developer on March 17 and the trial was vacated.

Workers completing construction on Marine Quarter at Labrador for GCB Constructions. Picture: Glenn Hampson

The Gold Coast Bulletin has contacted GCB managing director Trent Clark and Buildcap director Stuart Biggs for comment on how the project will progress in the wake of the settlement.

Marketing of the project has continued, including for two skyhomes priced from $2.75m each.

The development is set to have restaurant and retail space at ground level as well as resort style rooftop pool.

Stuart Biggs of Buildcap, developer of Marine Quarter Southport.

Trent Clark, managing director of GCB Constructions

Court documents said construction of stage one was due for completion in May this year.

While the builder said there was an agreement to complete the project sequentially, the developer said it had full discretion over when building should start and wanted it to commence by last June.

Court documents said the developer had obtained finance for stage two that had to be repaid by March 2024 and had entered into 44 contracts of sale for the second stage, with an anticipated completion date of December 2024.

GCB’s submissions to the court said the “complex construction project” had “run into major problems”.

Originally published as Results revealed in Supreme Court case between GCB Constructions and Marine Quarter Southport