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Freehills has advised Growthpoint on its recent takeover bid for the Rabinov Property Trust, which increased Growthpoint's property portfolio to 38 properties valued at $1.17 billion. According…
Freehills has advised Growthpoint on its recent takeover bid for the Rabinov Property Trust, which increased Growthpoint's property portfolio to 38 properties valued at $1.17 billion.
Freehills partner Michael Ziegelaar said there have been very few managed investment scheme takeovers recently.
"The peculiarities of the trust structure add an extra layer of complexity to a takeover. Here, a number of trust-related issues, including changes of trustees and custodians, licensing issues, as well as changes to banking syndicate arrangements, related party transactions and property transfers made this a complex acquisition," he said.
The Freehills team was led by partners Michael Ziegelaar, Andrew Rich, David Sinn and Andrew Booth.
Growthpoint is being advised by Freehills, Investec and BDO.
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