$157m deal for major beverage plant proceeds with Clayton Utz advice

A 20-year leaseback has also been secured from the iconic soda brand, which is selling its main plant in Queensland, the firm said

$157m deal for major beverage plant proceeds with Clayton Utz advice
Clayton Utz is advising Charter Hall on its $157m acquisition and leaseback of the main manufacturing plant of an iconic soda brand in Queensland.

The firm is acting for Charter Hall’s unlisted Prime Industrial Fund on the major acquisition from Coca-Cola Amatil. The beverage giant has also agreed to a 20-year leaseback, which offers Charter Hall exposure to a buoyant fixed annual rental income cashflow, Clayton Utz said.

The 24.9-hectare site, which is in Richlands, houses a 50,414sqm warehouse and manufacturing facility, which is currently being renovated with the latest automation systems and being expanded to 81,000sqm. The deal for the facility, which will be updated and expanded until the end of the year, expected to close this December.

Partner Matt Anderson leads Clayton Utz’s team, which includes special counsel Eva Oraham and senior associate Sabrina Buck.

Related stories:
Top firm continues EY raid to expand new practice
Partner receives rare accolade

Recent articles & video

Ex-Western Power GC is GHD's new CLO

International Bar Association reports legal issues arising ahead of Paris 2024 Olympics

US judiciary reviews ethical guidelines for hiring clerks after controversial appointment

Scotland First in UK to enact UN Convention on the Rights of the Child into domestic law

Maddocks pitches in on $1bn medical merger

Tonkin Drysdale Partners names criminal law team head

Most Read Articles

Kain Lawyers scoops up ex-PwC Australia legal business head as director

Federal Court declares misleading conduct in wine labelling dispute

Global firms bring A-game to support Orana BESS project

Maurice Blackburn director to helm the Australian Lawyers Alliance as national president