Stutsel said the investment is indicative of foreign capital looking to Australia for its open regulatory system, comparatively stable markets, and high risk-adjusted financial returns. He said, however, tha the cross-border aspects of the deal provided the biggest hurdles.

"Trying to make Australian law issues work for German law outcomes added to the challenge", Stutsel said.

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Funds solicitor Katherine Bennett and property partner Greg Hing assisted Stutsel with the deal, which marks a continued expansion in the property interests of the traditionally shipping-focused Rickmers Group, of which Atlantic is a subsidiary.