FREEHILLS, Corrs Chambers Westgarth and Gilbert + Tobin have all worked on Capella Capital's new Queen Elizabeth II Medical Centre Car Parking PPP project.
The Western Australian government selected Lend Lease subsidiary Capella Capital as preferred bidder for the A$100 million public private partnership to build the new 3000-bay car park at a hospital site, one of the country's major medical campuses which is home to over 36 medical organisations.
Capella is the sponsor of the Capella Parking consortium, which also includes Probuild as the builder and Ezipark as the operator of the car park. Freehills advised Capella Parking on the deal.
The consortium will finance, design, build and operate the $140 million car park at Perth’s QEII Medical Centre.
The project also involves the management of approximately 2,000 existing at-grade car bays. The new car park will be completed in stages over a three year construction program, Freehills said.
The Freehills team was led by partner Josh Sgro and senior associates Nikki Carroll, Jennifer Whincup and Hilary Cure.
Corrs Chambers Westgarth acted for the State and Gilbert + Tobin acted for the lenders.
Western Australia Treasurer Christian Porter said in a statement that the project would be delivered under a build-own-operate and transfer model, and that assets would be transferred back to the hospital trust at the end of the contract term.