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Charter Hall acquires Coca-Cola plant
Charter Hall is being advised on the acquisition and leaseback of a Queensland Coca-Cola Amatil plant.
Tom Lodewyke
Firms: Clayton Utz (Charter Hall); Mills Oakley (Coca-Cola Amatil)
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Deal: Charter Hall’s Prime Industrial Fund is acquiring Coca-Cola Amatil’s main manufacturing facility in Queensland.
Value: $157 million
Area: M&A
Key players: The Clayton Utz team advising Charter Hall is led by partner Matt Anderson (pictured) and includes special counsel Eva Oraham and senior associate Sabrina Buck.
The Mills Oakley team advising Coca-Cola Amatil is led by partner Tim L’Orange, supported by special counsel Mark Swan, associate Melanie Howard and lawyer Hannah Morris.
Deal significance: Charter Hall’s unlisted Prime Industrial Fund is being advised on its $157 million acquisition and leaseback of Coca-Cola Amatil’s main manufacturing facility in Richlands, south of Brisbane.
The 24.9-hectare site includes a warehouse and manufacturing facility. A new distribution facility with state-of-the-art automation is under construction at the site.
Coca-Cola is selling the facility on a 20-year leaseback arrangement, which will deliver guaranteed rental income to Charter Hall over this period.
"We are delighted to be advising Charter Hall on their acquisition of the facility in Richlands," said Clayton Utz lead partner Matt Anderson.
"It is a significant investment opportunity that will strengthen their property portfolio and their relationship with Coca-Cola Amatil."
The acquisition is expected to be finalised in early December.
Pictured: Clayton Utz partner Matt Anderson
