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Allens acts on Goodman acquisition

Allens acts on Goodman acquisition

Allens Arthur Robinson has acted for integrated property group Goodman Group on the strategic acquisition of Victoria's Moorabbin Airport and Business Park for $201.5 million. The completion of…

Allens Arthur Robinson has acted for integrated property group Goodman Group on the strategic acquisition of Victoria's Moorabbin Airport and Business Park for $201.5 million.

The completion of the acquisition was announced on 25 May 2011.

Goodman Group, comprising the stapled entities Goodman Limited and Goodman Industrial Trust, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist fund managers of industrial property and business space globally.

The acquisition, via escrowed securities and vendor finance, provides Goodman Group with a strategic asset, offering immediate investment income and development opportunities in the proven land-constrained market of inner southeast Melbourne.

Partner Stuart McCulloch led the Allens team that worked on the transaction.

Atanaskovic Hartnell acted for the vendor.

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