find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Half of Adelaide’s Westpac House acquired

Half of Adelaide’s Westpac House acquired

Michael Garry, Kain Lawyers

A boutique firm has advised Inheritance Capital Asset Management on its acquisition of a half-stake in Adelaide’s Westpac House building.

Firm: Kain Lawyers (Inheritance Capital Asset Management); HWL Ebsworth (Abacus)

Deal: Inheritance Capital Asset Management acquired a half-stake in Westpac House from Abacus.

Value: $88.5 million

Area: M&A

Key players: The Kain Lawyers team included Michael Garry (pictured) and Brian Vuong.

Deal significance: Boutique property fund manager Inheritance Capital Asset Management (ICAM) was established in late 2015 with an institutional-grade property investment team and intends to grow to be one of South Australia’s institutional fund managers.

ICAM has acquired a half-stake in Adelaide’s Westpac House from Abacus for $88.5 million and completed associated fundraising.

Westpac House, which is one of only two premium buildings in the Adelaide CBD, comprises a 31-level office tower with 29,600 square metres of net lettable area.

The transaction was undertaken by ICAM in tandem with SA’s Accord Property Partners.

“We are very pleased to have assisted ICAM in executing their first of what we are sure will be many deals,” said Kain Lawyers director Michael Garry.

“Not only was there strong local investor support for the deal, it represented a great opportunity to help further develop the SA funds management industry.”

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

Half of Adelaide’s Westpac House acquired
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
Lawyers warn against mandatory sentencing measures amid political jeers
Mandatory sentencing has become a topic for politicians on both sides of Federal Parliament to jostl...
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 & ...