Login
Multimillion-dollar property deal reaches completion
A global firm has advised a private Australian company on the high-profile sale of a Canberra property.
Emma Musgrave
Firm: Herbert Smith Freehills (TC Advisors Australia Investment Management Pty Ltd); Undisclosed (Mirae Asset Financial)
To continue reading the rest of this article, please log in.
Create a free account to get unlimited news articles and more!
Deal: TC Advisors Australia Investment Management Pty Ltd has been advised on an office sale to Mirae Asset Financial.
Value: $321 million
Area: M&A
Key players: The legal team advising TC Advisors Australia Investment Management Pty Ltd was led by Herbert Smith Freehills senior associate Carla Deluca and solicitor Emma Larkin, with supervision by partner David Sinn (pictured).
Deal significance: The office sale represented a commercial property at 50 Marcus Clarke Street in Canberra. Among its tenants is the federal government.
According to a statement from Herbert Smith Freehills, the transaction marks the largest property deal since the start of 2017.
“We were delighted to help TrustCapital Advisors achieve the sale of this premium office asset,” Mr Sinn said.
“The sale of this property has been a very successful outcome for our client and another positive sign of the strength of the Australian real estate market.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
Email Emma on:
