In a highly competitive market, institutional property vendors and buyers are working hard to extract maximum value and secure the best deals. We’re continuing to see more asset swap deals and, in certain markets, vendors carrying out due diligence to increase the attractiveness of assets to potential buyers.
We are market leaders in real estate capital transactions and are regularly called upon to execute Australia’s largest and most complex property transactions.
We have acted on many of the most significant real estate capital transactions in Australia in recent years. Our multidisciplinary team spans the core areas of real estate, banking, M&A and funds and specialist areas including tax, employment, intellectual property and planning.
Having acted on over 200 transactions in recent years, our real estate capital transactions team truly understands what drives both buyers and sellers and are experts in deal execution. Our expertise covers all major real estate matters, including acquisitions and disposals (both direct and by way of unit sale agreements), restructures, unit holder agreements, structuring, investment, asset, property and development management agreements as well as FIRB and regulatory advice. We also understand the fund mandates and risk profile of global capital and the need to ensure that investments match that framework.
Advised on several of Australia’s largest and most complex transactions in the past 5 years, including the acquisitions of a portfolio of office buildings from GE Capital, a portfolio of 10 industrial assets from an Australian investor/manager and establishment of an industrial fund, a 50% interest in South Cross Towers from Brookfield, a 25% interest in the ANZ/HSF head office, the sale and leaseback acquisition of a portfolio of 10 logistics assets, and the acquisition and disposal of dozens of other office, retail and industrial assets.
Advised on the sale of its 75% interest in the commercial and retail stratum of the York & George development to PGIM. The deal was contracted for over 12 months prior to practical completion, so the transaction documents addressed constructions issues, vacancies / income guarantee, complex conditions precedent to the exercise of a put and call and co-ownership and Facilities Management and Property Management arrangements post completion.