Quintessential Equity (QE) is a privately-owned Australian property development and investment company that specialises in commercial and industrial real estate. With over 14 years of experience, the firm is known for its strategic regeneration of undervalued assets, delivering premium-grade properties and strong returns for sophisticated investors.

In 2019, QE acquired the Port Adelaide Distribution Centre from Stockland for $80 million. Located 12km from the CBD and 7km from the Port of Adelaide, the PADC is one of the largest single-ownership industrial sites in Adelaide, at 319,500 square metres. 

Prior to the sale to Centuria, QE invested an additional $19 million to upgrade and expand the facility, including the addition of two new warehouses. Over a six year period, the transaction delivered a return of approximately 2.5 times the initial investment. 

MinterEllison’s multi-disciplinary team advised on all aspects of the transaction, including drafting, negotiating and advising on the contract of sale and ancillary documents, and advising on ongoing leasing, rent and incentive arrangements and guarantees.  MinterEllison will work with QE towards completion.

The MinterEllison team was led by Leah Wright (Partner), with valuable support from the Real Estate team: Paul Ng (Special Counsel), Daniel Centofanti (Senior Associate) and Maddie Maguire (Paralegal). Specialist advice was provided by the Environment & Planning team: Jeremy Hill (Partner) and Ryan Feuerherdt (Associate).

Leah Wright commented: "It’s been a privilege to support Quintessential Equity on this landmark transaction. The Port Adelaide Distribution Centre is a standout example of strategic investment and regeneration, and we’re proud to have played a role in helping the QE team to secure this transaction. This deal reflects the depth of expertise across our team and the strength of our long-standing relationship with Quintessential Equity."