find the latest legal job
Part Time Risk & Compliance Officer
Category: Other | Location: Brisbane QLD 4000
· Brisbane City · Flexible Part Time Hours
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
Property Lawyer
Category: Property Law | Location: All Melbourne VIC
· 12 Month Contract · Diverse Work
View details
Family Lawyer
Category: Family Law | Location: Eastern Suburbs Melbourne VIC
· Boutique Firm · Great Reputation
View details
Infrastructure Lawyers
Category: Construction Law | Location: All Perth WA
· We'd be particularly interested to hear from you if you were a lawyer who knows your way around the infrastructure and energy sectors.
View details
Myer flagship purchased by global investment manager

Myer flagship purchased by global investment manager

Lisa Gaddie

Two firms have advised on a transaction that saw a global investment manager acquire a third of a busy Myer complex in the heart of Melbourne.

Firms: Lander & Rogers (Myer Family Company); MinterEllison (TH Real Estate)

Deal: The Myer Family Company has been advised on the sale of its one third interest in the nine-storey Myer building on Bourke Street, Melbourne to TH Real Estate.

Value: $151.3 million

Area: Property, projects and infrastructure

Key players: The team advising The Myer Family Company was led by Lander & Rogers property, projects and infrastructure partner Lisa Gaddie (pictured), with assistance from partner Nick Stocks and senior associate Nuala Same.

Deal significance: This transaction has resulted in TH Real Estate now owning one third interest in the nine-storey Myer building, located on Bourke Street, Melbourne.

The remaining two thirds of the flagship Myer store are owned by retail asset manager Vicinity Centres and the Singapore government’s sovereign wealth fund, GIC.

The building was constructed in 1914 and comprises approximately 40,000 square metres.

“The real estate and retail and supply chain sectors are two key sectors of our firm, and it was great to be part of a high-profile transaction like this, which combines elements from both sectors,” Lander & Rogers property, projects and infrastructure partner Lisa Gaddie said.

“This was a really interesting and complex transaction involving co-ownership and leasehold arrangements. It also showcases the continuing interest in investment in premium passive retail assets in Australia.”


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

Myer flagship purchased by global investment manager
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Nov 17 2017
It's time for politicians to commit to eradicating domestic violence
The national shame of domestic violence cannot be left unaddressed, writes Christine Smyth. ...
Nov 16 2017
From lawyer in law firm to senior governance professional
Promoted by Governance Institute of Australia As a law graduate, Kate Griffiths never imagined...
marriage equality
Nov 16 2017
Legislation the next hurdle for marriage equality
Lawyers have underscored the importance of ensuring same-sex marriage legislation does not limit ant...
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 & ...