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
HSF picks up property assets

HSF picks up property assets

Herbert Smith Freehills has advised Growthpoint Properties Australia on its acquisition of three property assets.

 

Firms: Herbert Smith Freehills (Growthpoint Properties Australia)

Deal: Acquisition of three adjoining property assets – a pharmaceutical warehouse, office and warehouse, and truck facility – in Erskine Park, NSW

Area:  Property

Key players: The HSF team was led by David Sinn, with support from senior associate Carla Deluca and solicitor Dakshinee Kodituwakku.

Deal significance: The pharmaceutical warehouse will comprise of a new 29,055sqm warehouse designed to store pharmaceutical products. Growthpoint has acquired the 71,410sqm site and will pay a development fee of $26.65 million to Linfox Property Development upon the completion of the warehouse, which is expected in Aug 2013. Growthpoint receives an 8.5 per cent coupon on the purchase price of the land ($19.60 million) until practical completion. This property will be leased to Linfox for 10 years from practical completion.

The truck facility comprises of offices, a truck workshop, wash bay and an extensive hardstand truck parking and refuelling area. This property was purchased for $22.5 million and will be leased to Linfox for 15 years.

The office and warehouse is currently Linfox’s NSW headquarters. It comprises of a two-level corporate office and a large modern warehouse totalling 24,881sqm on a site of 82,280sqm. The property was purchased for $35.95 million and is leased to Linfox for seven years.

 

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

HSF picks up property assets
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 & ...