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Clean Energy Finance Corporation completes $54m financing

Global law firm Herbert Smith Freehills has advised the Clean Energy Finance Corporation (CEFC) on its financing of a sustainable residential development located in Northcote, Melbourne.

September 15, 2021 • By Emma Musgrave
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Firm: Herbert Smith Freehills (CEFC).

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Deal: CEFC has completed financing of a sustainable residential development located in Northcote, Melbourne.

 
 

Value: $54 million.

Area: Finance.

Key players: The Herbert Smith Freehills team was led by partner Melita Cottrell, senior associate Adam Roberts and solicitor Aadi Dev Sabharwal.

Deal significance: The project is described as an 8-star housing development, which involves the construction and sale by property developer Metro of 74 semi-detached town houses "with market leading sustainability features and low emission technology initiatives including electric vehicle infrastructure and low carbon building materials".

“We are pleased to advise on this landmark investment in the sustainable development arena," said HSF partner Melita Cottrell.

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"We are thrilled to have assisted with the transaction which will embed a wide range of sustainable and clean energy initiatives into new residential developments.”

Senior associate Adam Roberts added: “Congratulations to the CEFC on this milestone transaction, marking yet another success in leading investment in Australia’s transition towards a low emissions economy. Herbert Smith Freehills is proud to have facilitated this sustainable residential development and we look forward to continuing to support the CEFC in the future”.

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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