Real Estate Finance

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 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.

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 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.

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 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.

Acting for a wholly owned subsidiary of 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.

Acted for a syndicate of two lenders led by Westpac in connection with $234 million term and revolving facilities for the acquisition by Blackstone of the Greensborough Plaza Shopping Centre in Melbourne. The transaction involved the senior debt underwrite and sell-down to Deutsche Bank and a $25 million mezzanine finance piece, which involved complex intercreditor negotiations with the mezzanine debt provider.

Acted for the Commonwealth Bank of Australia in relation to the $64 million construction funding of a joint venture between the Leighton Property Group and the Seven Group for the 'KS4' commercial office development at Kings Square in Perth.

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 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.