Retail giant Woolworths has been ordered to pay more than $11 million to a Victorian property developer for breaking a contract for the construction of a Masters hardware store.

Woolworths and Masters had struck a deal with North East Solution in 2010 to build a Masters store in Bendigo, and then for the retail giant to lease the site for 12 years. Victorian Supreme Court judge Clyde Croft has ruled that Woolworths unfairly terminated the agreement after deciding to…