Real I.S. AG advised on acquisition of Adelaide real estate
Independent boutique investment manager Real I.S. AG has been advised by K&L Gates on its $85 million acquisition of an Adelaide office property.
Firm: K&L Gates (Real I.S. AG).
Deal: Global law firm K&L Gates has advised Real I.S. AG on its $85 million acquisition of an Adelaide office property, which “forms the basis of a broader strategy for investment in Australian real estate”, the firm said in a statement.
Area: Real estate.
Value: $85 million.
Key players: The K&L Gates was led by real estate partner Samuel Brown, who was supported by special counsel Tracey Jordan, senior associate Karen Yuan and lawyer Eleni Brooks. Partner Richard Gray provided advice on debt financing connected with the acquisition, while partner Matthew Cridland advised on indirect tax matters. In addition, partner Adam Levine advised on FIRB (Foreign Investment Review Board) matters with support from senior associate Natasha Augustin.
Deal significance: “It has been a pleasure for our K&L Gates team to work with Real I.S. AG on a number of significant transactions involving Australian real estate assets over the past 24 months,” said Mr Brown.
“This latest acquisition in Adelaide is of particular strategic importance for our client, and we congratulate Real I.S. AG on securing the critical first property from which to continue building a strong portfolio for their investors.”