Commercial property agents head to High Court to recover commission worth over 拢300k

Commercial property agents the Richard Shaw Partnership have launched a legal battle for commission on the sale of a German shopping centre.

The Richard Shaw Partnership is suing APN Funds Management for commission of 510,000 euros (拢344,867) on the sale of the Neustadt Centrum shopping centre in Halle-Neustadt, Germany.

APN paid 51 million euros for the property on 31 March 2006, according to a High Court writ.

But the Richard Shaw Partnership accuses the trust of failing to pay its commission, and is seeking payment of 510,000 euros as well as interest of 拢57,989.60 and continuing interest of 拢118.11 a day, and damages for breach of contract.

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