Firm: Herbert Smith Freehills (Western City & Aerotropolis Authority)
Deal: Herbert Smith Freehills will advise on all aspects of the to-be-developed Western Sydney Aerotropolis.
Area: Infrastructure, Aviation
Key players: Herbert Smith Freehills’ team is led by partners Nicholas Carney, Peter Briggs, David Sinn, David Hugo and Philippa Stone.
Deal significance: According to the firm, the Western Sydney Aerotropolis will be centred around the Western Sydney International (Nancy-Bird Walton) Airport) as is currently under construction.
The Aerotropolis will be located in the heart of the Western Parkland City, with an “unprecedented level of collaboration across all three levels of government to streamline planning processes, facilitate private sector investment and secure transformational outcomes”, Herbert Smith Freehills explained.
The Aerotropolis “will create a thriving economic hub delivering new jobs, homes, infrastructure and services in Western Sydney”, a statement read.
Herbert Smith Freehills has noted that on a global scale, aerotropolises have recognised the transformational potential of an airport by establishing infrastructure, land uses and an economy around the airport assets.
Calling it “a once-in-a-generation” opportunity to transform the Greater Sydney region in this way, the firm said the Aerotropolis will seek to attract significant players in the defence and aerospace sectors, as well as helping to establish other specialisations in advanced manufacturing, agribusiness, health, education and science.
For Nicholas Carney, “this is a unique opportunity to assist on the planning and development of a new city and economic centre which will deliver significant economic and social benefits to the residents of NSW”.
“We have assembled a cross-disciplinary team which includes experts on master-planning, property development, infrastructure, value capture, smart infrastructure technology to work with government to realise this opportunity,” the lawyer outlined.
For fellow lead partner Peter Briggs, “it is relatively early days but the Western Sydney Aerotropolis is a great example of what can be achieved when governments work with the private sector to bring city-shaping projects to life”.
“We are very fortunate to have an opportunity to be involved on a project of this scale, which will have a global impact,” he continued.