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Tony Dhar is a funds and financial services law specialist. He has extensive experience acting for leading Australian and global fund managers, institutions and government bodies. Tony advises a broad range of industry participants including issuers and distributors of retail wealth management products, institutional and government funds, trustee companies, debt and notes issuers and listed investment companies. He also advises prudentially regulated businesses such as superannuation trustees, insurers and specialised financial institutions. 25 years in practice, his transactional expertise spans fund formation, investments and restructures, A-REIT listings, capital raisings, demutualisations and business sales and transfers. He provides strategic advice on product development, fund structuring and investments, regulatory and governance matters, responsible entity and trustee duties. He also regularly advises clients on disclosure, financial services licensing and exemptions, member approval processes, deed interpretation and amendment, anti-money laundering and statutory approvals under FIRB, Financial Sector Shareholding and Insurance Act requirements. His clients include such leading organisations as Australian United Investment Company, Capital International, Goldman Sachs & Partners Australia, Hertz, Interactive Data, Lazard, MyState Financial, Neuberger Berman, Southern Finance, and The Trust Company. Tony has worked as an international lawyer in Singapore, and is a regular speaker and author on Corporations Act and funds management topics.
Advised Ascendas Real Estate Investment Trust on its acquisition of a portfolio of 26 logistics properties located in Australia for A$1.013 billion from Singapore's sovereign wealth fund, GIC, and Frasers Property Australia Pty Limited. The deal involved establishing a wholly owned managed investment trust structure to acquire the properties though a combination of unit trust acquisitions and direct property acquisitions. This is the largest-ever industrial property deal in Australia and the second largest industrial property deal to date in the Asia Pacific. The quality of the portfolio attracted significant competition from domestic and international property investors. Ascendas' exclusive period of negotiation with the vendors was conducted on an extremely tight timetable. This, together with the complexity of the transaction, required seamless coordination and collaboration between our Australian team and Allen & Gledhill LLP, Ascendas' legal adviser in Singapore.