Powered by
MOMENTUM
MEDIA
Ashurst has advised Assembly Funds Management on the establishment of a real estate and property fund.
Firm: Ashurst (Assembly Funds Management)
Value: Approximately $350 million.
Area: Real estate.
Key players: The Ashurst team was led by partner Anton Harris, supported by senior associate Jonathan Scott and with further assistance from partners Jennie Mansfield, Barbara Phair, Sanjay Wavde and Anita Cade.
Deal significance: AFM is a management platform recently established by the former Westfield COO Michael Gutman, the Alceon Group and the Lowy Family Group. AFM acts as investment manager to ADPF1, which had $150 million capital commitments.
AFM anticipates raising total capital commitments of approximately $350 million.
ADFP1 has a broad investment mandate with a focus on pursuing a mix of debt, value add and core plus strategies in office, retail, industrial and logistics, leisure and on residential asset classes in Australia and New Zealand.
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly.
You can email Naomi at:
Login
