Real Estate Finance

Acted for Commonwealth Bank of Australia in relation to A$132 million construction and term debt facilities to a joint venture between the Leighton Property Group and the Devine Group in connection with the 'Riverside Hamilton Harbour' precinct development in Brisbane.

Acted for a syndicate of seven lenders led by Westpac and NAB in connection with the $400m refinance of the Valad Property Group's multi-currency corporate facilities. The transaction involved Danish, German, Scottish, English, Dutch and New Zealand elements.

Advised on the provision of a syndicated facility of $275 million to a joint venture comprising PDG Corporation and the Schiavello Group for the construction at Queensbridge Road, Southbank, Victoria of the residential apartment tower to be known as 'Prima Tower', comprising approximately 678 residential apartments.

Advised on a syndicated construction facility to a consortium including Canada Pension Plan Investment Board, Lend Lease Trust, Australian Prime Property Fund, Telstra Super and First State Super, for Lend Lease's A$2.6 billion construction of commercial office towers at Barangaroo South, Sydney.

Advised on A$1 billion syndicated facilities in connection with the takeover of ASX-listed Charter Hall Office REIT by scheme of arrangement, by a consortium comprising Public Sector Pension Investment Board, Reco Ambrosia Pte Ltd and Charter Hall Property Trust.

Acting for a wholly owned subsidiary of Frasers Property Australia (formerly Australand Holdings Ltd) on the A$800 million Discovery Point development at Wolli Creek in New South Wales. This 8-hectare mixed use development will feature residential apartments, commercial offices, an integrated retail centre and extensive public and private parklands. We are advising on procurement and OH&S strategies, drafting pro-forma and project specific documentation (such as consultancy agreements and design and construct contracts), assisting in the preparation of the tender conditions, advising on the tendering process and compiling documentation for tender.

Advised on the financing arrangements for the acquisition of seven Queensland Government-owned office buildings in the Brisbane CBD for A$561.9 million, by funds controlled by Queensland Investment Corporation and QSuper. As well as documenting and negotiating the financing arrangements, we assisted the financiers with due diligence of the underlying sale and leasing documentation.

Acted for ANZ Banking Group Limited and Bankwest in providing credit facilities by way of a club arrangement totalling A$415 million to Ever Glory (Australia) Holdings Corporation and Glory Property II Investment Pty Ltd (companies in the Singapore based Bright Ruby group of companies) to assist in funding the acquisition of Admiral Holdings Australia Pty Ltd (the owner of the Hilton Hotel, Sydney) and the refinancing of an existing credit facility.

Acted for ANZ Banking Group on construction-related facilities to the Toga Group including $88 million land, construction and bank guarantee facilities for Hampton Court at Kings Cross, a residential/retail development, and $92 million construction and takeout facilities for 'Boheme' at Bondi Beach, Sydney mixed use development comprising an Adina apartment Hotel, 45 residential apartments, retail space and car parking.

Acted for Bankwest and National Australia Bank Limited in providing club facilities totalling A$100 million to the 360 Capital Office Fund to assist in funding the acquisition of 2 commercial/retail properties in Queensland and various other commercial property investments in Australia.

Advised on the A$193 million senior and mezzanine construction finance facilities for the mixed use development of 'East Village', Zetland, NSW, comprising a commercial/retail building and 4 residential apartment buildings.

Acting for the lender on secured facilities of up to A$45,000,000 to fund the acquisition of the Sofitel Gold Coast Hotel by an Australian subsidiary of the Huayu Group.

Advised on the provision of a $162 million facility to assist CBD Property Pty Ltd  with the construction of a mixed use (residential, retail and commercial office) building, including 558 residential apartments, at 568 Collins Street, Melbourne.

Advised on a A$550 million syndicated construction facility for the first four stages of the Frasers Property Group (Singapore) / Sekisui House (Japan) joint venture development of Central Park, Sydney. When complete the site will comprise approximately 11 buildings, 1900 residential apartments, student housing, a hotel, a 16,000sqm multi-level retail centre and a 75,000sqm commercial office campus, including a precinct-wide tri-generation plant and water treatment facility.

Acted for the banking syndicate on the A$900 million syndicated secured corporate debt facilities to then Macquarie Office Trust (now Charter Hall Office Trust), a listed Australian commercial property REIT.

Advising the Victorian Department of Human Services on the delivery of the A$1billion Victorian Comprehensive Cancer Centre Project. This world-class cancer centre will be built in Parkville to drive the next generation of progress in the prevention, detection and treatment of cancer. It will be one of the only hospitals in the world where the primary cancer research entities will be collocated with patients to facilitate the shortest time for treatment to move from research to bedside.