find the latest legal job
Part Time Risk & Compliance Officer
Category: Other | Location: Brisbane QLD 4000
· Brisbane City · Flexible Part Time Hours
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
Property Lawyer
Category: Property Law | Location: All Melbourne VIC
· 12 Month Contract · Diverse Work
View details
In-House Legal Counsel (Mid to Senior)| Regulated Markets (Energy and Gas)
Category: Generalists - In House | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Full PD on Request · Exciting High Impact Role
View details
Family Lawyer
Category: Family Law | Location: Eastern Suburbs Melbourne VIC
· Boutique Firm · Great Reputation
View details
Corrs acts on social housing deal

Corrs acts on social housing deal

Corrs Chambers Westgarth is advising on a Port Phillip development in Victoria that will include the construction of 207 social housing units and 75 private units.

CORRS Chambers Westgarth is advising on a Port Phillip development in Victoria that will include the construction of 207 social housing units and 75 private units.

The Port Phillip Housing Association’s Ashwood Chadstone Gateway Project is the largest-ever development by the not-for-profit sector in Victoria.

As part of the deal with the Department of Human Services, the Association will also provide an additional 261 social housing units outside the Ashwood Chadstone Development.

Corrs provided advice on the review and the negotiation of the funding and development agreement and contracts for sale of land with the Department of Human Services, the firm said today.

It also advised on the review and negotiation of contracts for sale of land with private landowners, drafting and negotiating a number of development agreements, finance documentation and contracts for sale of land with private developers, and the review and negotiation of the design and construction contracts and tripartite agreements between PPHA and builders.

Partner Nathaniel Popelianski and senior associate Paul Carrick are leading the Corrs team, together with Andrew Pitney, Gillian Hohnen and Anna White.

Popelianski said: “The unique feature of housing development in the Not for Profit Sector is that a Not for Profit does not distribute profits to shareholders, it reinvests profits into more social housing development.

“This means that an allocation of Government funding for social housing projects results in the delivery of a larger number of social housing units than might otherwise be the case in the private sector,” he said.

Popelianski argued that these types of developments play an important role in increasing the standard of affordable housing, because Housing Associations are at the coalface of social housing issues.

“They acutely understand the need for greater investment in the sector and are fast developing expertise in the development and delivery of social housing projects. The Ashwood Chadstone Gateway Project is a prime example of the Not for Profit Sector applying hard edge business principles to deliver a major real estate development.”

Construction on a number of sites has commenced, with both the Victorian Government and PPHA contributing approximately $70 million each to the project.



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

Corrs acts on social housing deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Law Council of Australia
06:04
LCA calls for urgent adoption of ‘game-changing’ recommendation
The Law Council of Australia has urged for the immediate adoption of a key recommendation put forwar...
Sally Wheeler
Nov 20 2017
ANU College of Law appoints new dean
A distinguished legal academic and the former head of law of a higher education institution in Irela...
Violence
Nov 17 2017
It's time for politicians to commit to eradicating domestic violence
The national shame of domestic violence cannot be left unaddressed, writes Christine Smyth. ...
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 & ...