This article is from the Australian Property Journal archive
LAWYERS Herbert Smith Freehills has advised on two major transactions worth over half a billion dollars.
The Herbert Smith Freehills team including partners Luke Simpson and David Sinn, supported by senior associate Julie Jankowski advised Leighton Properties on its sale of 567 Collins St in Melbourne to the Investa Office Fund (IOF) and Investa Commercial Property Fund (ICPF) for approximately $A462 million.
Norton Rose advised Investa on this transaction.
Simpson said it has been anticipated that 2013 would be an extremely active year for AREITs as listed property funds return from trading below NTA and have capital available to make new investments and acquisitions.
“This transaction is evidence of renewed activity in the sector and we expect to see a number of similar transactions to follow,” he added.
In the second deal, Sinn along with senior associate Carla Deluca and solicitor Dakshinee Kodituwakku advised Growthpoint Properties Australia on the sale of an office and warehouse facility located at 134 Lillkar Rd Goulburn New South Wales to a private investor for $A72.25 million.
Property Review
