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
Corporate Lawyer
Category: Generalists - In House | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· 12 months fixed term opportunity
View details
Property lawyer - Melbourne
Category: Property Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Impressive client list, national firm · Well-led and high-performing team
View details
Green office tower acquired by ‘impact investor’

Green office tower acquired by ‘impact investor’

Ben Mahoney

Three firms advised on the acquisition of Brisbane’s sustainable K1 Tower by IIG, an investment group with an environmental focus.

Firms: Arnold Bloch Leibler (Impact Investment Group); Herbert Smith Freehills (Lend Lease); Corrs Chambers Westgarth (NAB).

Deal: IIG acquired the K1 office tower in Brisbane’s Fortitude Valley from developer Lend Lease.

Value: Not disclosed

Area: Property, Banking & Finance.

Key players: From ABL in Melbourne, partners Ben Mahoney (pictured) and Tyrone McCarthy worked on the deal, assisted by senior associate Andrea Towson and lawyer Orly Rotstein.

Deal significance:
The purchase of the 16,600 sq m building from Lend Lease represents Melbourne-based IIG’s largest acquisition to date.

K1 is located in the Brisbane Showgrounds urban regeneration precinct and is one of the most environmentally sustainable commercial buildings in Australia, according to a statement from ABL.

IIG focuses on ‘impact investing’ – an investment approach that delivers competitive financial returns and measurable social and environmental returns, ABL stated.

Mr Mahoney said ABL was pleased to have worked with IIG to secure the institutional-grade asset.

“The process highlights the agility of IIG in negotiating, funding and completing off-market deals of this complexity on very short timelines,” he said.

Lend Lease is the developer and anchor tenant, occupying three of the nine floors of the building.

 

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

Green office tower acquired by ‘impact investor’
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Warning
Aug 23 2017
NT Law Society sounds alarm on mandatory sentencing
The Law Society Northern Territory has issued a warning over mandatory sentencing, saying it hasn’...
Unite
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by The way we do business, where we work, how we engage with workers, even how we take a...
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 & ...