Corrs Chambers Westgarth has advised Mirvac Group in the acquisition of seven top tier office towers formerly owned by GE Capital Real Estate, worth $584 million.
The deal was negotiated in a matter of weeks and is expected to settle next week. It takes the value of Mirvac’s office portfolio to 32 properties worth more than $4.1 billion.
The transaction aligns with Mirvac’s new strategic review, released last week, and the focus on the purchase and development of office assets in prime-grade CBD areas.
This significant addition to Mirvac’s office portfolio includes Perth’s Allendale Square, 90 Collins Street in Melbourne and five properties in Sydney’s core CBD.
Corrs Property and Indirect Tax teams advised on the transaction. The team consisted of Peter Calov, Natalie Bryant, Craig Milner, Gary Chiert, Rebecca Strom, Alan Churley, Andrew Leadston, Kieran Egan, Simon Doyle, Rachel Sudders, Alex Clarke, Lauren Ielasi, Tania Liu, Kelly Robinson, Neil Witkowski, Kimberley Levi and Maureen Joseph.
“Corrs is a long-time provider of legal services to the Mirvac Group. We are delighted to participate in this significant transaction which is a manifestation of Mirvac’s strategic direction,” Corrs’ Sydney partner, Peter Calov, said.
“This fast-moving transaction involved teams across three Corrs’ offices to deliver an outcome for the client. It is a great result from the Corrs’ Property and Indirect Tax teams.”
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