Agricultural | Hancock and Shanghai CRED – Kidman acquisition
Corrs advised the consortium of Hancock and Shanghai CRED in relation to the acquisition of S. Kidman & Co Ltd (Kidman), an iconic Australian company and Australia’s largest private landholder. Kidman operates cattle stations and associated infrastructure on an area of land covering in 100,000 km2. The deal involved complex issues related to the nature of the asset and the client, was multi-jurisdictional in nature, involved various types of land title (Crown land, freehold and land inside the Woomera Prohibited Area) and, due to the iconic nature of the asset and the identity of our clients, required a sophisticated government engagement strategy.
Agricultural | Challenger
Acted on the sale of Belvino, Victoria’s largest vineyard. The sale included the vineyard infrastructure and transfer of significant water entitlements.
Hotels & Leisure | Queens Wharf
Corrs is representing 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 over 1,100 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.
Hotels & Leisure | Pullman Hotel Sydney Airport
Corrs advised on all aspects of Goodman’s development of the Pullman Hotel Sydney Airport, including negotiation of all the management agreements with Accor. Corrs acted on the sale of the Hotel in 2016.
Hotels & Leisure | Woolworths pub portfolio
Corrs acted for leading Australian retail chain, Woolworths in its sale to Charter Hall of the largest ever Australian pub portfolio. The deal comprised the A$600 million plus sale and lease back of a major portfolio of 54 hotel, leisure and gaming assets. It also involved the establishment of long term triple net leases (70 years inclusive of options) over each of the assets.
Hotels & Leisure | Sale of Marriott Hotels
Corrs acted in relation to the sale, by one of its wholesale funds, of a portfolio of three five-star Marriot operated hotels in Sydney, Brisbane and Melbourne to the Malaysian based YTL Group. The A$415 million sale price received for this sale is a record in Australia.
Ritz Carlton, West Side
Acting for the financing syndicate on the AU$1.1 billion Stage 1 of Far East Consortium’s West Side Place project in Melbourne’s CBD, including over 1,200 residential apartments, retail space and a Ritz Carlton hotel located on level 80.
Darling Harbour, Sydney
Acted for a syndicate of superannuation and investment funds as mezzanine lenders on the structured receivable financing of the residential component of Lend Lease’s A$1.5 billion Darling Harbour Live residential project.
Armstrong Creek
Acted for a financier on Armstrong Creek, a complex subdivision project, featuring multiple landowners and financiers, being managed by Metricon Group.
Commonwealth Bank of Australia - Howard Smith Wharves
Acting for CBA on the hotel component on the Howard Smith Wharves redevelopment, undertaken under a complex development agreement structure with Brisbane City Council, multiple developers and foreign financiers.
Australand Holdings
Corrs acted for Australand Holdings in funding the development of apartment schemes in Sydney and Melbourne, for example, AU$90 million BOSIAL development financing for apartment and retail at Discovery Point, Wolli Creek, in joint venture with Landcom.
Carter Holdings Limited
Corrs acted for Cater Holdings Limited on development facilities at Pacific Square Maroubra Mall with each stage funded by separate financiers, AMP and Colonial.
CCMP Capital Advisors
Advised on all Australian tax aspects of the US$1 billion global acquisition of BGIS, a leading integrated facilities management and real estate services company, from Brookfield Business Partners.
REA Group (realestate.com.au)
Advised on the tax aspects of the A$130 million acquisition of Hometrack Australia Pty Ltd, a residential property data analytics company from the UK listed ZPG Plc group.