Home builder sues cheese maker over $1b land deal

By Clay Lucas
Updated December 9 2017 - 2:08am, first published 2:03am
Alexandra Tighe with Tom Montalto leaving the Supreme Court. Tom owns hundreds of acres in Donnybrook, which he agreed to sell as three parcels of land to Dennis Family Homes in 2011. Dennis Family Homes spent millions getting the land rezoned and this year started marketing 5000 houses for sale on the land - a project with an end value of $1 billion. But now Mr Montalto has said he will only sell two of the three parcels of land to Dennis Family Homes. The company is suing him over potentially millions of dollars of lost revenue in the Supreme Court. 10th November 2017. The Age Fairfaxmedia News Picture by JOE ARMAO
Alexandra Tighe with Tom Montalto leaving the Supreme Court. Tom owns hundreds of acres in Donnybrook, which he agreed to sell as three parcels of land to Dennis Family Homes in 2011. Dennis Family Homes spent millions getting the land rezoned and this year started marketing 5000 houses for sale on the land - a project with an end value of $1 billion. But now Mr Montalto has said he will only sell two of the three parcels of land to Dennis Family Homes. The company is suing him over potentially millions of dollars of lost revenue in the Supreme Court. 10th November 2017. The Age Fairfaxmedia News Picture by JOE ARMAO
Land in Donnybrook, owned by cheese manufacturing millionaire Tom Montalto and his family and the subject of a dispute between Mr Montalto's company, Premier Bay, and home builder the Dennis Family Corporation. Mr Montalto says he never agreed to sell some of the land to Dennis Family Corporation; it disagrees, and has gone to the Supreme Court to get an order to start developing it. 5th December 2017. Photo by Jason South
Land in Donnybrook, owned by cheese manufacturing millionaire Tom Montalto and his family and the subject of a dispute between Mr Montalto's company, Premier Bay, and home builder the Dennis Family Corporation. Mr Montalto says he never agreed to sell some of the land to Dennis Family Corporation; it disagrees, and has gone to the Supreme Court to get an order to start developing it. 5th December 2017. Photo by Jason South

One of the state's biggest home builders is battling a cheese baron in the Supreme Court, over a prime slice of land on Melbourne's northern fringe earmarked for a $1 billion new suburb.

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