Consortium bids for partial commercialisation of Landgate
King & Wood Mallesons has assisted in the partial commercialisation of Landgate’s services by the Western Australian government.
Firm: King & Wood Mallesons (Macquarie Infrastructure and Real Assets, MIRA-managed fund, Sunsuper and Hesta)
Deal: King & Wood Mallesons (KWM) acted for a consortium in a bid for the partial commercialisation of Landgate’s automated land titling, plan and associated services by the Western Australian government.
Value: $1.41 billion.
Key players: The KWM team acting on the transaction was led by partner Rob Edel, with partners Nicole Heller and Jeff Clark also involved in the transaction.
Additional support was provided by special counsels, Gareth Howe and Patrick Atkinson and senior associates, Catherine Danne, Shabarika Ajitkumar, Mitch Reynolds, Danika Kuczerepa and Katie Lewis.
Deal significance: Under partial commercialisation, the consortium will provide, maintain and improve systems and processes that facilitate automated land titling services to Landgate for a 40-year period. The consortium will pay an upfront consideration of $1.41 billion to the Western Australian government.
Commenting on the transaction, Mr Edel said: “We are delighted to have worked with the consortium to finalise the partial commercialisation of Landgate. This transaction represents the first commercialisation by the Western Australian government in a number of years and KWM is incredibly proud to be involved in this transaction.”
“KWM showed substantial cross-practice collaboration across KWM’s Perth, Sydney and Melbourne offices while acting on this transaction and drew on KWM’s experience having been involved in all previous land registry privatisation transactions in Australia.”