Real estate trust advised on acquisition of Darling Park office complex
Listed Australian investment trust GPT Group has been advised on an office complex acquisition worth over half a billion dollars.
Firm: Herbert Smith Freehills (GPT Group)
Deal: HSF has advised GPT Group on its $531.3 million acquisition of a 25 per cent interest in the Darling Park 1 & 2 office complex and Cockle Bay Wharf, Sydney.
Value: $531.3 million
Key players: The HSF team was led by partner Robert Bileckij, with consultant James Graham, senior associate William Hickey and solicitor Curtis Vella, as well as GPT senior legal counsel Emma Le Coic.
Deal significance: Speaking about the deal, Mr Bileckij said: “I would like to congratulate The GPT Group on a successful transaction. It has been a pleasure working with Emma and the broader GPT team on this important strategic investment. The close collaboration between our teams was a highlight.”
Through the acquisition, HSF said in a statement, GPT has also secured a 25 per cent interest in the proposed Cockle Bay Park development.
“The development, which recently received a stage 1 planning approval, will comprise approximately 63,000 square metres of premium office accommodation and 10,000 square metres of retail and entertainment space,” the firm noted.