Blake Dawson Waldron acted for the Axiom consortium on the signing of a project agreement for Queensland’s first Public Private Partnership (PPP). The consortium, which is headed by ABN AMRO, will design, construct, maintain, operate and finance the Southbank Institute of TAFE in Brisbane. The net value of the project is estimated at $550 million, including construction costs of $230 million.
BDW also worked with Axiom on a design and construction contract with John Holland and an operations and management agreement with Spotless Services. Financial services partner, Geoff Daley, led the BDW team, which involved lawyers from Melbourne, Sydney and Brisbane, including Cameron Herbert, Stacey Steele, Grant Rowlands, Rehana Box and Joanna Jenkins.
Allen & Overy has advised UBS AG in connection with the PHP3.5 billion ($82.63 million) IPO of Manila Water Company Inc — the first local listing and international IPO out of the Philippines since 1997. The offering consisted of a public offering in the Philippines with a listing on the Philippine Stock Exchange and an international offering pursuant to Rule 144a and Regulations.
Partner David Johnson led the Allen & Overy team. Baker & McKenzie, Wong & Leow were international counsel for Manila Water and Castillo Laman Tan Pantaleon & San Jose acted as domestic transaction counsel. Johnson said the success of the offering “signals renewed confidence of international investors in the Philippine equities market and in the country’s overall outlook”.