David McElhone
Partner, Sydney
I have more than 30 years experience acting in relation to property developments and structuring transactions, as well as investments across diverse types of real estate.

My practice encompasses commercial, residential, retail and industrial property developments and transactions; complex strata and community schemes; aged-care and retirement villages; hotels and tourism; and leasing.

I have extensive experience advising on stamp duty and tax effective structures, foreign investment, joint ventures, and other contractual and financing arrangements, including for property trusts.

I regularly speak at industry conferences, and have served on the advisory committees of the Property Council of Australia, the Property Industry Foundation and the Urban Development Institute of Australia. I have twice been named Lawyers Weekly ‘Lawyer of the Year’ in Seniors Living and Retirement Villages.

Career highlights

  • Ping An Insurance – advised on its 50 per cent acquisition in a joint venture with Mitsubishi and Lendlease to develop a landmark tower at Circular Quay
  • Stockland Corporation Limited (with the Galileo Group) – worked on the $686 million bid for Woolworths Limited’s sale of its Masters portfolio of properties
  • AMP – advised on its joint venture with the Mirvac Group on the acquisition, construction and leasing of a $600 million development at 200 George Street, Sydney
  • Walker Corporation – advised on its redevelopment of waterfront land at Rhodes in NSW. This was an $800 million project that involved remediating and redeveloping a paint factory site into a mixed-use, high-rise residential and commercial village
  • Fortius Funds Management – advised on the sales of 420 George St, Sydney, and the MidCity Centre
  • Nuveen – advised on purchasing a half share of 101 Miller Street and Greenwood Plaza in North Sydney for more than $300 million, the purchase of 20 Hunter Street, Sydney, and the sale of Mt Ommaney Shopping Centre for $285 million.<
  • Lendlease – advised on the acquisition of a number of retirement villages, contract simplification  and the ongoing legal management of its retirement village portfolio
  • Macquarie Group – advised on the proposed acquisition of the DCA Group’s aged-care business and on the $641 million acquisition of the Zig Inge retirement village portfolio
  • Mirvac Group – advised on the sale of its hotel management business, 47 hotels and various associated investments to a consortium comprising AccorHotels Asia Pacific and Ascendas
  • Investa, Westpac and ANZ - drafted suites of national lease precedents