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
Freehills’ data room makes speedy transaction

Freehills’ data room makes speedy transaction

FREEHILLS’ WORK on the Queensland Investment Corp (QIC) sale of its three-tower Central Plaza complex in Brisbane was boosted by its own cutting-edge information technology systems, the firm has…

FREEHILLS’ WORK on the Queensland Investment Corp (QIC) sale of its three-tower Central Plaza complex in Brisbane was boosted by its own cutting-edge information technology systems, the firm has announced.

In what is the largest commercial property transaction in Brisbane, the $839.2 million deal was led by banking and projects partner Kerry Heilbronn. As part of the deal, the firm created and maintained an online data room for bidders in addition to the more usual demands of conducting vendor due diligence and producing a due diligence report for QIC.

The data room is a world first, the firm said, designed and produced by a team of information managers from Freehills. The firm worked to compile all the information needed for the transaction, allowing access to information from all three Central Plaza buildings. Bidding teams could then locate and review information swiftly, the firm said.

“Our experience coupled with our systems allowed us to produce a data room that clearly displayed the strength of the client’s assets,” said Heilbronn.

The systems enabled large teams of lawyers to be available in key periods of the transaction, the firm said. This approach was designed to speed up the transaction by reducing the time bidders spent in data rooms. The firm said the data room facilitated the transaction to move through each stage.

The Central Plaza One and Two transactions are scheduled to settle early this year and Central Plaza Three is settling on practical completion of the building, scheduled for later this year.

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

Freehills’ data room makes speedy transaction
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...
APPOINTMENTS
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'...
opinion
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...
Help
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 & ...