find the latest legal job
Banking Associate - 1-6PQE - Allen & Overy
Category: Banking and Finance Law | Location: United Kingdom
· Banking Associate - 1-6 PQE - Allen & Overy
View details
Academic Dean and Head of School of the TC Beirne School of Law
Category: Other | Location: Brisbane QLD 4000
· An outstanding opportunity · Provide educational, research and organisational leadership
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: Arncliffe NSW 2205
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: All Sydney NSW
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: Sydney NSW 2000
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
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:

Book commemorates diamond milestone for WA law society

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

Piper Alderman help build new town for Adelaide
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Gavel, legal book, criminal lawyers
Jan 19 2018
Three criminal lawyers named NSW magistrates
The NSW Attorney-General has announced the appointment of three new local court magistrates. ...
Warning
Jan 18 2018
Lawyer highlights ‘unintended consequences’ on SSM estate planning
A succession lawyer has warned that the right for same-sex couples to legally marry could have a sub...
drug rehabilitation services available in rural and remote communities
Jan 18 2018
ALS survey shines spotlight on insufficient rehabilitation services
A new survey posted by the Aboriginal Legal Service (NSW/ACT) has revealed an alarming insight into ...
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 & ...