Firms: Herbert Smith Freehills (Growthpoint Properties Australia); Thomson Geer (the vendor)

Deal: Growthpoint has acquired a 14.1-hectare property

Value: $20.3 million

Area: Property

Key players: The Herbert Smith Freehills team was led by David Sinn (pictured), supported by senior associate Carla Deluca and solicitor Jean Liu.

Deal significance: Located in the NSW coastal town of Wollongong, the property is primarily comprised of an asphalt car park constructed in 2012 and is 100 per cent leased for 15 years to Patrick Autocare. Patrick Autocare uses the Kembla Grange property to store thousands of cars imported into Australia.

This content is available exclusively to Lawyers Weekly premium members.

Become a Member Log in to your Premium Account

Become a Premium Member for unlimited access to exclusive content.

INDIVIDUAL

Yearly

$ 49.00

per year

SUBSCRIBE NOW

INDIVIDUAL

Monthly

$ 5.00

per month

SUBSCRIBE NOW

Learn more about Premium Benefits and other offers

“We were pleased to assist Growthpoint with this acquisition, which has seen its diversified portfolio grow to 56 office and industrial properties throughout Australia, valued at approximately $2.4 billion,” said Mr Sinn.

Growthpoint is an ASX-listed Australian Real Estate Investment Trust (A-REIT) that specialises in the ownership and management of quality investment property.

VIEW ALL