National firms advise on major Melbourne housing project

By Felicity Nelson|01 May 2015

Two firms have overseen a million-dollar property development deal that will produce thousands of residential lots in Melbourne.

 

Firms: Maddocks (AV Jennings), Gadens (Australian Super)

Deal: AVJ has partnered with Australian Super to deliver a community project in Melbourne.

Value: $400 million

Area: M&A, planning, property, development

Key players: Maddocks partners Michael Taylor Sands (pictured), Nick Holuigue and senior associate Nicholas Sparks. 

Deal significance: 

Advertisement
Advertisement

AVJ’s partnership with Australian Super will produce more than 2,000 residential lots and an associated town centre in Melbourne.

This deal demonstrates the appetite of super funds to invest across a broad spectrum of assets, including development projects.

“Maddocks has a long-standing and valued relationship with AVJ in Victoria and has played a key role in leading the joint venture negotiations,” senior associate Nicholas Sparks said.

“We’ve acted for AVJ in connection with acquisition of parcels for the project since 2010 and now contracts have just been exchanged for the first parcel to enable to the project to commence in May 2016.”

National firms advise on major Melbourne housing project
Intro image
lawyersweekly logo
Corporate Counsel

latest

Slaters hits Colonial First State with class action on behalf of 500,000 Australians

Victorian principal found guilty on 9 charges

Maurice Blackburn circles MySuper with new class action

Ruling that litigation funders must pay security for costs has numerous implications