Brimbank Shopping Centre sale complete
Norton Rose Fulbright has advised 151 Property on sale of Brimbank Shopping Centre.
Firm: Norton Rose Fulbright (151 Property)
Deal: Global law firm Norton Rose Fulbright has advised leading real estate portfolio company 151 Property on the sale of Brimbank Shopping Centre in Melbourne’s north west.
The Melbourne and Brisbane-based real estate team advised on all aspects of the transaction, including negotiation, structuring advice, vendor due diligence, and the completion of the sale on 23 December 2019.
Area: Commercial property.
Key players: The Norton Rose Fulbright team was led by partner Adrian Jones and Will Webster, supported by partner Marshall Bromwich, senior associate Jacqueline Dowling, and associates James Lainas, Kasey Solar and Ellen Whittred.
Deal significance: The 37,576-square metre Brimbank Shopping Centre is a significant subregional shopping centre, anchored by Coles, Woolworths, Target and Aldi, and approximately 100 specialty retailers.
Mr Webster commented: “We are delighted to have assisted 151 Property [in] the successful conclusion of their investment in Brimbank Shopping Centre. This transaction caps off a highly successful year for our national real estate team, and shows the continued strength and investor confidence in prime retail real estate.”