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HDY and Mallesons act on ING deal
Henry Davis York and Mallesons Stephen Jaques have acted on ING Real Estate Investment Management's phased withdrawal from its Australian real estate investment management activities, including…
Lawyers Weekly
Henry Davis York and Mallesons Stephen Jaques have acted on ING Real Estate Investment Management's phased withdrawal from its Australian real estate investment management activities, including its management of five ASX-listed real estate investment trusts with an excess of $7.2 billion in assets under management and its co-investment stake of around $150 million in those trusts.
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HDY acted for ING Real Estate Investment Management while Mallesons acted for ING Management Limited (IML) on the transfer.
HDY's core deal team is being led by Elizabeth Gray, who is providing counsel to ING Real Estate Investment Management, based in The Netherlands, on all aspects of its phased withdrawal from Australia.
The HDY team is advising on the risks and benefits of transaction alternatives, deal structuring (including internalisation and third party divestment options), and preparation of key transaction documents. It is also providing strategic advice on transaction management, corporate governance, due diligence, deal execution and compliance.
The firm's financial services, banking, corporate, property and litigation teams all collaborated on the deal, with the core deal team comprising Gray, James Lonie, Tim Barton, Kathy Civardi, Scott Allen, Jon Ireland, Hamish Dixon and Matt Watts.
The Mallesons team was led by partner David Eliakim and senior associate Natalie Kurdian who were assisted by solicitor Hoda Nahlous, with partner Roger Forbes and solicitor Armen Varvachtian advising on issues relating to contractual interpretation.
