Centuria continues to assert that in entering into a similar agreement with Growthpoint Properties Australia Limited, GPT is in breach of the Centuria Facilitation Deed and that GPT has failed to remedy that breach as required by Centuria in a notice to GPT dated 6 July 2016.
GPT maintains that it has not breached its obligations under the Centuria Facilitation Deed, including the no-shop restriction, and therefore there is no breach to remedy and Centuria has no right to terminate the Centuria Facilitation Deed. GPT has notified Centuria that it reserves all its rights in relation to any purported termination of the Centuria Facilitation Deed.
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