MinterEllison advises Axiom on sale of South Australian Emergency Services State Command Centre

1 minute read  17.11.2020

The command centre, sold in a deal worth approximately $80 million, will house four emergency agencies.

MinterEllison has advised Axiom Properties Ltd on the sale of its purpose-built South Australian Emergency Services State Command Centre to Charter Hall Social Infrastructure REIT for approximately $80 million.

The development, which is currently under construction, is due to be completed in October 2021. It will bring together four of South Australia's emergency services agencies – the Metropolitan Fire Service, Country Fire Service, State Emergency Service and Fire and Emergency Services Commission – in a leasing agreement with the South Australian Government.

Under the deal, Charter Hall will acquire the site from Axiom, though Axiom will remain responsible for completing construction of the building and the car park. Development costs will be funded by Charter Hall as part of a fund through arrangement.

The MinterEllison team worked closely with Axiom across the life cycle of the asset. This included supporting them through the initial acquisition of the site and titling issues, assisting with securing the State Government as the key tenant, preparing lease documents and advising on the construction aspects of the development and the subsequent sale to Charter Hall.

Adrian Swale led the MinterEllison team who advised Axiom on this development.

"We're delighted to be supporting Axiom on this important project, which will have such a positive impact on South Australia. It's a great example of how the private sector and government can work together to enhance the safety and wellbeing of the community," he said.

Mr Swale was supported by others in the MinterEllison team, including Stephen Hill, Sam McNeil, Joanne Staugas and Yvette Graetz.

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https://www.minterellison.com/articles/minterellison-advises-axiom-on-sale-of-south-australian-emergency-services-state-command-centre