Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Big Law

HSF and Corrs act on Telstra deal

Telstra has extended the lease on its George Street base in Sydney's CBD for another 12 years.

September 26, 2013 By Digital
HSF and Corrs act on Telstra deal
expand image

Firms: Herbert Smith Freehills (Investa Property Group); Corrs Chambers Westgarth (Telstra)

Deal: The extension of the leasing of Telstra’s Sydney headquarters until 2025

Area: Property

Value: Undisclosed

Key players: The Herbert Smith Freehills team was led by partner Julie Couch (pictured), who was supported by senior associate Julie Jankowski

Deal significance: As part of the new leasing agreement, Telstra will lease 30,165 square metres in the 400 George Street tower for the next 12 years. Herbert Smith Freehills partner Julie Couch commented: “This was a highly complex leasing transaction completed within a very tight timeframe.

“It involved combining and extending Telstra’s existing leases, for its headquarters and retail space, which previously had different expiry dates and conditions, as well as entering into new leases for several further floors within the building. Investa Property Group is a long-term client of Herbert Smith Freehills and we are delighted to have supported them on this transaction.”

Tags
You need to be a member to post comments. Become a member today
Got a tip for us?
If you have any news tips or stories to share, feel free to send them our way.
lawyersweekly jobs image
lawyersweekly jobs
Discover the latest legal jobs
Find Australian legal jobs, employment & career opportunities
Momentum Media Logo
Most Innovative Company