Firms: Thomson Geer (Link Housing); Herbert Smith Freehills (NSW government FACS and Land and Housing Corporation)
Deal: The NSW government has transferred 14,000 homes to Community Housing Providers, boosting the growing sector of professional management by not-for-profit organisations. Link Housing has acquired leases of and management rights for more than 1,900 of those properties.
Key players: The Thomson Geer team was led by partners Melinda Graham and Lucinda Smith, with assistance from special counsel Samantha Culshaw and lawyer Rachael Bass.
Deal significance: According to a statement from Thomson Geer, under the Social Housing Management Transfer program, Link Housing will acquire leases of and management rights for more than 1,900 affordable housing properties in Ryde, Hornsby and Ku-ring-gai local government areas.
The firm assisted with the bid documents and negotiations with the Department of Family and Community Services (FACS) on the Community Housing Assistance Agreements.
Commenting further on the transaction, Thomson Geer partner Melinda Graham said: “We are proud to continue to work alongside Link Housing in its successful bid for this landmark social housing Project, which upon commencement in 2018 will double the number dwellings being made available by Link Housing to those most in need in NSW”.
“Our cross disciplinary team of real estate and corporate lawyers are looking forward to the implementation of the transfer in readiness for the ‘go live’ date in 2018,” she added.