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
In-House Legal Counsel (Mid to Senior)| Regulated Markets (Energy and Gas)
Category: Generalists - In House | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Full PD on Request · Exciting High Impact Role
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
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
Law Council of Australia
Nov 21 2017
LCA calls for urgent adoption of ‘game-changing’ recommendation
The Law Council of Australia has urged for the immediate adoption of a key recommendation put forwar...
Sally Wheeler
Nov 20 2017
ANU College of Law appoints new dean
A distinguished legal academic and the former head of law of a higher education institution in Irela...
Violence
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. ...
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 & ...