Firms: Allens (ALE Property Group); Herbert Smith Freehills (placement agents)
Deal: Placement of stapled securities and ALE Notes 2, and an SPP aimed at funding the simplification of ALE's hedging arrangements
Area: Capital markets
Value: $80 million
Key players: The Allens team included partner Stuart McCulloch (pictured), senior associate Sandy Cameron and lawyers Amy Spira, Kirsty Moore and Scott Day
Deal significance: According to McCulloch, who led the Allens team, the deal is particularly newsworthy as it is he first time in recent years that a REIT has been able to raise money at a premium to net tangible assets.
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