find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Equity raising a sign of things to come in wholesale market

Equity raising a sign of things to come in wholesale market

A new deal has lawyers postulating the wholesale property market is again open for business.

A new deal has lawyers postulating the wholesale property market is again open for business.

Law firm Freehills has advised on a $500 million wholesale equity raising of the Australian Prime Property Fund Retail.

The firm says the deal indicates that the wholesale market is now “fully open for business, for the right assets”, said Freehills lead partner Justin O’Farrell.

Australian Prime Property Fund Retail (APPF Retail) is part of the APPF series of Funds and is Australia’s premier unlisted wholesale retail fund with assets valued at $3.4 billion.

O’Farrell said of the deal: “The equity raising was over-subscribed at current unit value, and completed in only four weeks. It is a fantastic result and a great testament to the quality of the Lend Lease wholesale funds.”

“We can probably expect further activity in both the wholesale and listed spaces over the coming months,’ O’Farrell said.

O’Farrell was assisted by senior associate Robert Bileckij. The pair worked together in December last year when they assisted Lend Lease in the launch of Lend Lease Real Estate Partners 3, which was the first wholesale launch in Australia for some time. That fund is now almost fully invested.

At that time, O’Farrell predicted further activity in the wholesale market in the current year.

The Freehills team worked with Eric Wells, general counsel of Lend Lease Investment Management.



Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Equity raising a sign of things to come in wholesale market
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...