Perth investor Stephen Dobson is suing former partner and Horizon Power chair Samantha Tough in pursuit of his half of the $2.7 million Mosman Park home the pair once shared.
According to a writ lodged in the Supreme Court, Mr Dobson claims he, as agent for Ms Tough, purchased a $2.7 million home on Mathieson Avenue, complete with four bedrooms, four bathrooms, a home theatre, a swimming pool and sweeping views of the Swan River.
Mr Dobson alleged that although he wasn’t the legal owner of the property, he contributed $1.57 million to the purchase, including a $200,000 loan he claims he gave Ms Tough to be repaid once her late father’s estate was settled.
In the writ, Mr Dobson claims the pair formed an agreement that they would share an interest in the property reflective of their contributions, including any improvements they made to increase its value.
Further, he claims the pair agreed the property would be sold and the proceeds distributed in accordance with their shares if they parted ways.
The purchase was officially settled in January 2018.
But the relationship ended 18 months later, but not before Mr Dobson forked out more than $658,000 to make improvements to the home, he claims.
Alternatively, he wants an account of profits to determine how much he is owed in compensation.
Mr Dobson is also chasing liquidated damages in the order of $200,000, interest and costs, as well as an injunction that would stop Ms Tough from selling or transferring the property until the court matter is resolved.
When contacted for comment, Ms Tough told Business News she was disappointed that the writ had been lodged.
"I’m not going to run the defence of claims that have been made about my personal affairs through the media, but I will say this: It is disappointing that a writ has been lodged, however if this matter does make it to court, the claims that have been made will be subjected to scrutiny and they will be tested in the right court of law," she said.
Ms Tough is a prominent Perth director, having served on the boards of Saracen Minerals, Synergy, CBH Group and Aerison.
She is currently pro vice chancellor of engagement at the University of Western Australia.