Residential property developer Desane has successfully extended its court-imposed injunction on the NSW government, preventing it from compulsorily acquiring a large inner-city tract of land for the construction of WestConnex infrastructure until a Supreme Court judgment is made.

Desane has been battling with the NSW Roads and Maritime Services (RMS) over the compulsory acquisition of the company’s flagship property at 68-72 Lilyfield Road in Rozelle since August 2017.

The government originally offered the ASX-listed property group $18.4 million for the site, which the government said represented current market value.

The dispute commenced when the Desane refused the offer and organised their own valuation, which returned a figure of more than $100 million based on the site’s development potential.

A nine-day Supreme Court trial, presided over by Justice Hammerschlag, concluded on Thursday 8 March.

Desane chairman Professor John Sheehan said the company is still no closer to understanding the true reason the NSW government wants their Rozelle property.

“The NSW government and RMS should take the opportunity to engage with our company on proposed sensible alternatives, so that Desane can get on with the business of creating value for its investors as well as its mum and dad shareholders,” Sheehan said.

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