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
Piper Alderman help build new town for Adelaide

Piper Alderman help build new town for Adelaide

PIPER ALDERMAN acted for the developer of one of Adelaide’s largest property developments, which will create a satellite city to the north-west of the city.The 8,000 dwellings will be built for…

PIPER ALDERMAN acted for the developer of one of Adelaide’s largest property developments, which will create a satellite city to the north-west of the city.

The 8,000 dwellings will be built for $2 billion by Walker Corporation on a 1,000-hectare site at Buckland Park next to the Gawler River between Port Gawler and Virginia Park.

Adelaide firm Richards Commercial Lawyers advised local syndicate Vosporus Pty Ltd, the owner of the site where the town is being built.

The new city will cater for an expected growth in population, with approximately 1,000 military personnel being moved to Adelaide, as well as an increase in workers moving to South Australia due to growth in the resources sector.

It will also play an important role in increasing the supply of housing to alleviate upward pressure on house prices.

The South Australian Government has set a 15 per cent “affordable housing target” in the South Australian Housing Plan.

“It literally has the capacity to change the face of northern Adelaide given the size of it,” said lead partner for Piper Alderman on the deal, Tony Britten-Jones.

“This site has been bandied around for some time as being suitable for a satellite city development. It was given major project status by the State Government last year, which means that you bypass the normal planning routes.”

As well as a town centre, shopping and medical centres will be built, along with community and library facilities, sports and recreation areas and a school. There may also be another university.

On behalf of Walker Corporation, Piper Alderman negotiated and prepared joint venture development agreements with Vosporus.

“The whole deal is structured into a number of tiers. Some components of the projects are joint ventures between Walker Corporation and the current owner. And other components of it are to be developed solely by Walker Corporation,” said Britten-Jones.

Piper Alderman associate Carlo Calabrese, who has accounting and commerce qualifications, was involved in making complex mathematical calculations to determine the risk allocation on the project. Partner Owen Keen was also involved in the deal.

The heads of agreement for the project was signed in mid-January, and all the project documentation was signed by 2 February. “It was a very intense period of drafting and negotiation over that four-week period,” said Britten-Jones.

The development will also include a water management plan, which includes the use of treated water, as well as adopting “sustainable energy practices”, including passive building design aimed at low energy usage, use of solar and wind energy, dual water supply systems and tree planting.

“Under its Major Development Status, the development will have important environmental, economic and social significance for the future development of housing areas across the state,” said Walker Corporation’s executive chairman, Lang Walker.

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

Piper Alderman help build new town for Adelaide
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 & ...