find the latest legal job
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Legal Inhouse / Lawyer / Company Secretary
Category: Other | Location: Brisbane QLD 4000
· Fantastic Company · Potential to be Part Time / Flexible Work Pattern
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
Byron Bay retail wins the day

Byron Bay retail wins the day

David Sinn

A top-tier firm has advised on a majority acquisition of a Byron Bay shopping centre by Wingate from Azzura International Constructions.

Firm: Herbert Smith Freehills (Wingate); Hickey Lawyers (Azzura International Constructions)

Deal: Wingate acquired a 75 per cent stake in a multi-million dollar retail development.

Value: $70 million

Area: M&A

Key players: The Herbert Smith Freehills team effort was spearheaded by partner David Sinn, along with senior associates Adrian Jones and Paul Saward.

Deal significance: Under the deal, Wingate acquired the stake in the shopping complex to benefit investors in the recently established Wingate Byron Property Trust.

The Mercato on Byron Shopping Centre is an “unprecedented development approval for the town of Byron Bay”, according to Herbert Smith Freehills partner David Sinn.

“Located in the heart of the city, the precinct takes advantage of limited land space and this deal demonstrates the market’s appetite for premium, well-located retail assets,” he added.

Construction will start in early 2016, with Woolworths and Palace Cinemas signed on as anchor tenants.

The development will include a nine-screen cinema, several restaurants and an underground car park, according to a statement from Herbert Smith Freehills.

“Designed to reflect Byron Bay’s ‘subtropical beach town vibe’, the precinct will also provide locals and visitors with a recreation space,” Mr Sinn said.

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

Byron Bay retail wins the day
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Nov 24 2017
Demand lifts in 2017/18 for short-term finance to cover crises
Promoted by NWC Finance. The first five months of the 2017-18 financial year have seen unpreceden...
LCA welcomes religious freedom panel
Nov 24 2017
LCA welcomes religious freedom panel
The Law Council of Australia says the establishment of a panel which will examine the human right to...
Law Society launched a new website, legal politics and lawmaking
Nov 24 2017
Law Society launches project to engage young Aussies
The Law Society of NSW has launched a new website to engage young Australians in legal politics and ...
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'...
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...
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 & ...