In recent years, government-led infrastructure projects combined with soaring land values have played a pivotal role in the creation of new and innovative property development opportunities. From over-rail station developments, value capture opportunities, brownfield renewal projects to new CBD developments, we have played a market-leading role.
Our lawyers regularly advise on regulatory and legislative frameworks to devise transaction structures that appropriately allocate development, construction and delivery risk and tax outcomes for each party.
Success often depends on formulating the right deal structure. We utilise our experience and industry insights to assist our clients create the optimal structure to maximise the chance of success. Just as importantly as advising on elements to include in a structure, we expertly advise when unnecessarily complex arrangements should be left out.
We advise governments, sponsors, construction contractors, operators, equity investors and debt financiers in all types of major economic, transport-orientated, social, water and telecommunications infrastructure projects.
Continuing to represent the Queensland Government with respect to the proposed Stage 3A of the Gold Coast Light Rail project. Stage Three A includes 7.2 kilometres of dual track; 2 new stations; and associated facilities. The project requires innovative procurement arrangements to facilitate competitive negotiations with the operator of Stage One and Stage 2. We previously represented the Queensland Government with respect to Stage One and Stage Two of this landmark project for Australia.
Acted for the NSW Government on the unsolicited proposal by Brookfield to redevelop Wynyard Station and surrounds as a mixed used development including the delivery of a new Transit Hall to the State with commercial offices and retail above. The transaction involved extensive negotiation with a large number of stakeholders, significant ongoing management of the development process and engagement with a complex structured titling arrangement.
Continues to play a leading role for the Queensland Government in respect of the Queen’s Wharf Casino and integrated resort development in the Brisbane central business district. The project is to comprise a mixed-use destination of circa nine hectares including 1,100-plus premium hotel rooms in five new hotels. This will include Brisbane’s first six-star hotel; three residential towers with circa 2,000 apartments; a new casino; and a pedestrian bridge over the Brisbane River.
Advising Crown Resorts in relation to its iconic six star hotel / retail / residential development at One Barangaroo. Corrs advised on title structuring for the development, drafted the title documentation having regard to current complex title arrangements of the Barangaroo Delivery Authority, prepared the master sales contract with bespoke variations and our Developer Sales Group is acting on the conveyance of the high end luxury apartments.
Continues to represent University of Melbourne in relation to its acquisition and development of a new campus to create a world-class engineering school. While the acquisition is being transacted via a contract of sale, a 299-year ground lease was also negotiated to facilitate early access for stage 1 construction on part of the site while the GMH (the previous owner) continues to occupy the balance. As this site is part of innovation precinct at Fishermans Bend and so a site development agreement was required to regulate access, complimentary uses, planning controls etc.
Acted in procuring a purpose built, award winning office building in the Melbourne Docklands precinct. The deal involved NAB leasing over 60,000 m2 of commercial office space for an initial term of 15 years with options to extend for two further terms of 5 years. Corrs partnered with NAB from the inception of the deal and our involvement has enabled us to continually add value to this important office project for NAB. Corrs has advised on the legal strategy, bid process, negotiations and legal documentation to help NAB achieve the best possible outcome for its stakeholders.