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
WA developer issues 40% stake to Singaporean company

WA developer issues 40% stake to Singaporean company

Simon Rear

Two firms have advised on an investment in a West Australian property developer by a Singapore-listed company, which represents a deal value worth $72 million.

Firms: Squire Patton Boggs (Pindan Group); Steinepreis Paganin (Oxley Holdings)

Deal: Pindan Group has been advised on the issue of a 40 per cent stake to Oxley Holdings.

Value: $72 million

Area: Finance

Key players: The Squire Patton Boggs team advising Pindan was led by partner Simon Rear (pictured), along with associates Chanelle Tong and Mitch Reynolds.

Oxley Holdings was represented by Steinepreis Paganin including partner Toby Hicks and senior associate Rhys Waldon.

Deal significance: Pindan Group is a West Australian property developer, while Oxley Holdings is a Singapore-listed developer.

This latest transaction sees the Singaporean company hold a 40 per cent stake in the Pindan Group. It comes after a recent restructure that saw Pindan bring all of its operations under the one entity, Pindan Group Pty Ltd.

Squire Patton Boggs partner Simon Rear said the $72 million investment by Oxley Holdings represents a strategic move for both parties.

“Pindan has grown tremendously over the years. Today, it is a multidisciplinary construction and development company and has expanded its operations from home state WA to become a national player,” he said.

“Not only does the sale free up capital to fund acquisition and development projects, but the relationship with Oxley will provide access to Asian investors.

“For Oxley, its association with an established developer of Pindan’s calibre provides an ideal entry into the Australian market.”

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

WA developer issues 40% stake to Singaporean company
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 & ...