Deals

Frasers Property Industrial

Advised Frasers Property Industrial on the establishment of a logistics joint venture with Morgan Stanley Real Estate Investing and the associated sale of a 50% interest in eight industrial and logistics properties. Following establishment, the portfolio will be valued at approximately A$600 million.

Stockland Supalai Residential Communities Partnership

Advised Stockland Supalai Residential Communities Partnership on its A$1.06 billion acquisition of 12 masterplanned communities from Lendlease.

DAZN

Advised DAZN Group Limited, a UK-based global sports streaming platform, on its approximately A$3.4 billion acquisition of 100% of the Foxtel Group from shareholders News Corp and Telstra.

Azure Minerals Limited

Advised ASX-listed Azure Minerals Limited on its A$1.7 billion joint acquisition by Sociedad Química y Minera de Chile S.A. and Hancock Prospecting Pty Ltd, by way of a dual scheme of arrangement and takeover bid structure.

Anglo American

Advised Anglo American on the sale of an iron ore royalty relating to the Onslow Iron Project in the Pilbara, Western Australia to Taurus Funds Management.

Mineral Resources Ltd

Advised ASX-50 company, Mineral Resources (MinRes), on its acquisition of Singapore listed, Alita Resources, the owner of the Bald Hill lithium mine. Alita was subject to a failed deed of company arrangement. The MinRes transaction was structured as a forced debt payment through a court process, which converted to a consensual debt acquisition, and a credit bid plus additional consideration for the assets.

M Resources and Golden Energy and Resources (GEAR)

Advised the consortium on its approximately A$2.5 billion acquisition of the Illawarra Metallurgical Coal business from South32.

Paladin Energy Limited

Advised ASX-listed Paladin Energy Limited on its C$1.1 billion acquisition of Fission Uranium Corporation.

Silver Lake Resources Limited

Advised ASX-listed Silver Lake Resources Limited on its $A2.3 billion ‘merger of equals’ with Red 5 Limited to create ASX’s fifth largest gold producer.

Cabot Properties

Advised a fund managed by US based Cabot Properties Inc in relation to financing for construction of an industrial park development in Campbellfield in outer Melbourne

Lenders on BTRTO project

Advised lenders on the Assemble Communities’ build-to-rent-to-own projects. The Assemble Futures model combines residential leases with a purchase option and is backed by some of Australia’s largest superannuation funds.

Lenders on West Side Place project

Advised the lenders on the A$2 billion Stage 1 and 2 of Far East Consortium’s West Side Place project in Melbourne’s CBD, including over 2,500 residential apartments, a Ritz Carlton Hotel and a Dorsett Hotel. The project involved complicated property titling issues, non-disturbance arrangements, and staged settlement of low and mid-rise residential components whilst construction of high-rise aspects of the projects was still to be completed.

KKR industrial and logistics portfolio

Acted for the lender on a syndicated facility to a JV between KKR and a domestic property developer, in relation to a portfolio of 25+ industrial and logistical sites across all eastern states of Australia. The financing involved a complex negotiation regarding sponsor support from KKR.

A leading Australian venture capital firm

Advising a leading Australian venture capital firm on its fund financing arrangements to support its investments in the tech sector. At the time, this was a first in market fund financing for a venture capital fund in Australia.