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Virginia Briggs is a leading practitioner in the Sydney property, development and infrastructure markets acting for both private and government clients. Virginia deals in complex large-scale real estate transactions spanning the development, sale, purchase and leasing of commercial, industrial, residential and retail developments and infrastructure assets. She acts for vendors, purchasers, landlords and tenants including such leading clients as AMP Capital Investors, Australand Holdings, Brookfield Multiplex, CBA, Charter Hall, DEXUS, Mirvac, NSW Department of Transport, RailCorp, Sydney Ports Corporation, State Property Authority, Sydney Harbour Foreshore Authority and Westfield. Virginia’s expertise is recognised in several peer directories with clients in Chambers Asia Pacific praising her skills as a negotiator and her ‘impeccable’ advice. Virginia is Group Head of MinterEllison's NSW Government practice and NSW Real Estate practice.She also chairs the Property Council of Australia’s NSW Industrial Committee and is a member of the PCA's NSW Division Council. Virginia is also on the MinterEllison Partnership Board.
The sole legal adviser to NSW Treasury in relation to the $1.75 billion sale (by way of long term lease) and privatisation of Port of Newcastle, which is the world's largest coal export port. The A$1.75 billion restructure and refinancing transaction establishes a new benchmark in transaction preparation and execution, as reflected in the financial outcome which significantly exceeded market expectations. The transaction will free up much needed capital to help the NSW Government fund the revitalisation of the Newcastle CBD, and a backlog of other critical public infrastructure across New South Wales, including hospitals, schools and roads.
Acted for DEXUS Property Group in relation to the $500 million acquisition and development of 480 and 470A Queen Street, Brisbane. This acquisition and development, described as the largest property deal of 2013, will comprise a 31-level premium-grade office development project across 55,561 square metres located in Brisbane’s Golden Triangle and is targeting 6 Star Green Star and 5 star NABERS Energy ratings.
Acted for DEXUS Property Group in relation to the acquisition and development of 3 new mixed-use buildings at Kings Square in Perth. This acquisition and development, which has been described as the biggest commercial property pre-sale in Western Australia with an estimated cost on completion of $434.8 million, will comprise three A-grade office buildings to be developed by Leighton Properties.
Our Ports team is the leading legal specialists in this sector, with key roles advising on all recent major national port refinancing deals. We were the sole legal advisers to NSW Treasury in relation to the A$5.07 billion restructure and refinancing of the State-owned assets of Port Botany and Port Kembla, with proceeds from the transaction to be invested in the NSW Government's infrastructure fund, Restart NSW. The transaction was completed on 31 May 2013 and considered the largest and most complex of its kind in Australia.
Acting for the NSW Department of Housing and the Department of Finance & Services on the new NSW Social Housing PPP at Airds-Bradbury. This (approx) A$500 million project involves the renewal and revitalisation of a social housing estate with 1470 dwellings located in the Campbelltown local government area. As principal legal advisors to the NSW government on only the second project of its kind in Australia, this is one of the most complex infrastructure projects to be delivered under the PPP framework to date.
Advised the New South Wales Government (NSW Treasury) on the refinancing of Port Botany and Port Kembla in NSW. The project was unique, involving the contemporaneous refinancing and long term lease of two major Australian ports. Our role included extensive legal analysis of the existing assets and businesses and the regulatory landscape; recommending a transaction structure; drafting special transaction legislation; asset restructuring; preparing extensive interrelated transaction documents; tender process and negotiations; and implementation under legal project management. The project was complex and very significant for NSW, with the transaction widely considered to establish a new benchmark in transaction preparation and execution.
Advised Next Capital, Allegro and Macquarie on the sale of their interests in Discovery Holiday parks to Sunsuper (assets valued in excess of $240 million).
Acted for Transport for NSW on the Franchising Sydney Ferries project. This follows on from acting for the NSW Department of Transport & Infrastructure in the Sydney Ferries Market Review project in 2010. This was a high profile and politically sensitive project to implement the recommendations of the Walker report to franchise the iconic operation of the ferries on Sydney harbour. It involved the drafting of service contracts and the conduct of a tender process, extensive due diligence, evaluation and negotiation with three private sector consortia and, ultimately, completion of the transaction with the preferred tenderer and transition from Sydney ferries to the new private sector operator.