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QuadReal advised on JV with Lendlease for $300m build-to-rent development

Global law firm DLA Piper has advised Canada-headquartered real estate investment firm QuadReal on its joint venture with Lendlease to develop a $300 million build-to-rent development in Brisbane.

February 08, 2023 • By Jerome Doraisamy
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Firm: DLA Piper (QuadReal)

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Deal: QuadReal, together with LendLease, will develop a $300 million build-to-rent development in Brisbane, which will be a 37-level, 443-unit, fully electric tower located in the Brisbane Showgrounds precinct.

 
 

Area: Real estate

Value: $300 million

Key players: The DLA Piper team was led by partners Emma Kendall and Stephanie Lambert, who were supported by senior associate Michael Orban and solicitor Pippa Harley.

Deal significance: Speaking about the deal, Ms Kendall said: “Australia’s fledgling build-to-rent sector has a long way to run, but global institutional investors are eager to secure high-quality projects.

“The transaction demonstrates DLA Piper’s expertise in complex structured joint ventures that support these investments.”

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Ms Lambert added: “We were pleased to advise QuadReal on this significant build-to-rent project.

“The development is part of a multibillion-dollar pipeline of build-to-rent projects which are set to transform the Australian property market. We see significant upside for this asset class.”

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Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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