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
Real Estate & Projects Lawyer (6+ years PAE)
Category: Property Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Top tier firm with offices nationally · High profile clients
View details
International airport deal gets lift off

International airport deal gets lift off

Nigel.Deed

Three international firms have advised on the acquisition of the Port Hedland International Airport.

Firms: Norton Rose Fulbright (a consortium comprised of funds managed by AMP Capital and Infrastructure Capital Group); King & Wood Mallesons (AMP and ICG’s financiers); Herbert Smith Freehills (Town of Port Hedland)

Deal: The AMP and ICG consortium acquired a 100 per cent interest in the Port Hedland International Airport from the Town of Port Hedland.

Value: $205 million

Area: M&A

Key players: A Sydney-based corporate team from NRF, led by partner Nigel Deed (pictured), was assisted by Anita Choi, Raymond Lou, and Claudia Yasukawa. Andrea Rezos and Charmian Barton managed the property aspects of the transaction from the Perth office, while Chris Redden, assisted by Jenida Satem and Celia Boyle, managed the debt financing on behalf of the consortium from Sydney. Brisbane partner Tom Young advised on aviation regulatory and operational matters and Adrian Ahern handled the equity structuring for the consortium.

Deal significance: According to a release by NRF, the transaction documents, signed on 15 September, included an agreement to enter into a 50-year long-term lease, pursuant to which the AMP and ICG consortium will acquire a 100 per cent interest in the Port Hedland International Airport from the Town of Port Hedland.

The airport is located between the towns of Port Hedland and South Hedland. Both general passenger and freight flights operate to and from the airport.

Mr Deed said: “The successful privatisation by way of long-term lease of a significant regional airport reflects the continued strong interest in brownfields infrastructure assets from the Australian investment community and demonstrates the adaptability of the long-term lease style privatisation across all levels of government."

Like this story? Subscribe to our free newsletter and receive Lawyers Weekly every day straight to your inbox.

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

International airport deal gets lift off
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Unite
07:04
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 Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
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 & ...