The Sunshine Coast Regional Council has been advised on the further development and expansion of its local airport.
Firm: King & Wood Mallesons (Sunshine Coast Regional Council)
Deal: Sunshine Coast Regional Council has been advised on the establishment of a commercial operating partnership for the development and expansion of the Sunshine Coast Airport.
Value: $605 million
Area: Construction and real estate
Key players: The legal team advising Sunshine Coast Regional Council was a cross practice KWM team.
This included projects partners Robert Jackson and Mark Upfold, real estate partners David Bell (pictured) and Scott Budd, construction partner Shannon Etwell, banking and finance partner Aaron Bourke, M&A partner Stefan Luke, airport regulatory partner Wayne Leach, tax partner Katrina Parkyn, native title partner Scott Singleton, employment partner Jamie Wells, and planning and environment partner Matthew Austin.
Deal significance: Under the deal, the Sunshine Coast Regional Council will maintain responsibility for facilitating the proposed airport expansion project, which includes construction of a new runway, apron expansion and related infrastructure.
Commenting on the deal, partner Robert Jackson said, “We are delighted to have supported Sunshine Coast Regional Council on this significant and unique partnership agreement, which was successfully executed following a competitive bidding process that generated national and global interest.”
“KWM was able to provide an excellent cross practice team that advised on all aspects of the deal, covering projects, M&A, competition, construction, finance, real estate, taxation, environment and native title,” he said.