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Deal double for new boutique

 

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Exclusive: Founding principals set sail for long-standing Aus firm:

Deal double for new boutique

Stephen Pyman

CDI Lawyers, launched by Holding Redlich’s former head of construction earlier this year, has acted on two major Brisbane developments.

Airport Hotel

CDI Lawyers has advised Flynn Property Group in drawing up the tender documentation and negotiating the building contract and consultant agreements for the new five-star Pullman Brisbane Airport Hotel, the 3.5 star Ibis Brisbane Airport Hotel and the Brisbane Airport Conference Centre.

Firms: CDI Lawyers (Flynn Property Group)

Deal: Flynn Property Group’s successful bid for Brisbane Airport site and engagement of Watpac Limited for the development’s design and construction.

Value: $148 million

Area: Construction

Key players: The CDI Lawyers team was led by principal Stephen Pyman (pictured) and associate Jason Pungsornruk.

Deal significance: The project has been described as the biggest third-party development project undertaken at Brisbane Airport. The 10-storey Pullman Brisbane Airport Hotel will have 130 rooms, while the nine-storey Ibis Brisbane Airport Hotel will have 243 rooms. The Brisbane Airport Conference Centre will be able to host 600 delegates, as well as contain 13 conference and meeting rooms with related facilities including a 300-seat ballroom.

With site preparation and major works scheduled to start in May 2015, construction will continue through to April 2017 and is expected to create an estimated 1,000 jobs.

Mr Pyman said the project involved not only a complex contractual matrix, but also the need for compliance with aviation regulations.

 

Southbank Project

CDI Lawyers was retained by the Anthony John Group to prepare the contractual documentation for the Southbank Project, which includes the new Emporium Hotel in Brisbane.

Firms: CDI Lawyers (Anthony John Group)

Deal: The finalisation of construction, consultant, easement and access documentation for the two remaining stages of the development of the Southbank Project.

Value: About $600 million

Area: Construction

Key players: Principal Stephen Pyman (pictured), who defected from Holding Redlich in January along with eight lawyers, led the CDI team, which included associate Jason Pungsornruk and lawyer Darren Williams.

Deal significance: The Southbank Project is an inner-city Brisbane development and one of the largest transport-oriented development (TOD) mixed-use projects in Queensland. The Southpoint Residential Apartments and Brisbane’s second five-star Emporium Hotel are currently in Stage A, with Flight Centre’s Global Headquarters, along with a retail centre in Stage B.

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