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
Joint venture to construct billion-dollar estate in Sydney

Joint venture to construct billion-dollar estate in Sydney

The Ashmore precinct in Erskineville will house a $1.6 billion residential project made possible by a joint venture between Greenland Group and property developer Golden Horse.

Firms: Clyde & Co (Greenland Australia Group)

Deal: Greenland has entered into a joint venture with Golden Horse to back a residential project build in NSW.

Value: $1.6 billion 

Area: M&A

Key players: The Clyde & Co team advising Greenland group on the joint venture was led by partners Kon Nakousis, David McElveney, Dean Carrigan and Avryl Lattin. The partners were supported by senior consultant Payal Mahindroo, senior associates Adam Skibsted and Troy Mossley and associate Luke Carbon.

Deal significance:

Greenland has made a joint-venture agreement with Gold Horse properties to develop the Ashmore housing precinct in Erksineville, situated between the Bankstown rail line and Mitchell Road on one side and Ashmore Street and Coulson Street on the other.

Totalling seven hectares, the Ashmore precinct will be one of the largest urban development projects in Sydney. The housing estate is expected to accommodate approximately 2,700 residents on completion, and will comprise a maximum of 1,600 new dwellings, with mixed-use retail and over 7,000 square metres of new parkland.

The developers will also jointly acquire an adjoining property to the development site later next year.

The Greenland Australia Group is a Fortune 500-listed property developer involved in real estate projects in more than 90 cities worldwide.

Golden Horse Properties is the Australian arm of Hong Kong-based property and development firm Golden Horse Group.



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

Joint venture to construct billion-dollar estate in Sydney
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...
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 & ...