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Inmark sells marquee property for $463m
Inmarks’ marquee property, complete with Woolworths headquarters, a gym, and a data centre, has been sold to Singapore’s AIMS APAC REIT for $463 million.
Naomi Neilson
Firm: Squire Patton Boggs (Inmark Asset Management)
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Deal: Squire Patton Boggs has advised Inmark Asset Management on its $463 million sale of its marquee property to Singapore’s AIMS APAC REIT.
Value: $463 million.
Area: Property, M&A.
Key players: The deal was led by partner Dannelle Howley. She was supported by Ben Chahoud and Jacqueline Tan.
Deal significance: The site includes nine hectares of land, 45,000 square metres of buildings housing the Woolworths headquarters, a supermarket, gym, data centre and 3,000 car spaces.
Ms Howley commented: “While completing a transaction of this size and complexity is always rewarding for lawyers, it was more so in this case, in circumstances where it was effectively negotiated, documented and completed during lockdown in a pandemic.”
