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
NRH help ground new blood bank

NRH help ground new blood bank

NICOL ROBINSON HALLETTS acted for ING Real Estate Health Care Fund, which has agreed to pay $63.5 million as part of developing a blood processing and distribution centre at the Queensland…

NICOL ROBINSON HALLETTS acted for ING Real Estate Health Care Fund, which has agreed to pay $63.5 million as part of developing a blood processing and distribution centre at the Queensland University of Technology.

To be built on the university’s Creative Industries Precinct at Kelvin Grove, the firm said the deal was in effect a public private partnership between ING, QUT and the Australian Red Cross.

“Rather than ING simply acquiring the land, and putting the building on it and leasing it out to the relevant authorities, QUT have taken an 80-year ground lease, so that at the end of the term, the land reverts back to QUT,” said lead partner on the deal Daniel Lilley.

“Obviously when you are dealing with different leasehold tenders like that, it tends to make things more complicated just simply because ING as a developer is effectively a tenant of QUT, and a lot of the development obligations are also governed by the ground lease.”

Property law specialists Lilley and Peter Townley did much of the work on the deal. This included negotiating an 80-year ground lease of the site, development agreements for the construction of the facility, lease of 40 per cent of the building to the Red Cross, a lease back to QUT of 40 per cent of the floor space and the financing of the acquisition.

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

NRH help ground new blood bank
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Tsunami
Nov 22 2017
‘Document tsunami’ driving lawyers to upskill in TAR
A prominent Victorian judge has highlighted the growing need for lawyers to expand their knowledge o...
Defamation expert appointed to lead Victorian Bar
Nov 22 2017
Defamation expert appointed to lead Victorian Bar
The Victorian Bar has named Dr Matt Collins QC as its new president, with an additional eight member...
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...
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 & ...