Ashurst works on $250m project

The landmark project will be integral to Melbourne tourism, the lead partner says

Ashurst works on $250m project

Ashurst has confirmed its role in The Docklands Residences project in Melbourne.

The global firm advised Capital Alliance, the developer of the $250m project. Located in the mixed-use waterfront Docklands precinct, the project is the first purpose-built Marriott hotel development in Australia in 20 years, Ashurst said.

Ashurst’s work included advising on the property aspects of the deal, which included novel aspects such as covenants protecting against hire of the residences through online shared-accommodation services. The team that handled property aspects of the deal was led by projects and real estate partner Jason Cornwall-Jones.

Ashurst also advised on banking aspects of the deal, with a team headed by banking partner Kenneth Nguyen. Cornwall-Jones and Nguyen were supported by senior associates Gaby Stach and Laura di Roberto, as well as lawyer Tom Allen, Ashurst said.

Nguyen said described The Docklands Residences as a “landmark project” that “will be integral to Melbourne tourism.”

Herbert Smith Freehills earlier confirmed its involvement in The Docklands Residences. It advised the financier of the project with a team headed by finance partner Lucy McCullagh and real estate partner Jane Hodder.  

In the residential projects space in Melbourne, Ashurst recently confirmed that it had continued its work with the University of Melbourne by advising on another student accommodation concession granted to AMP Capital.

Recent articles & video

Five ascend to partner at HopgoodGanim Lawyers

Meridian Lawyers reveals latest promotions

Highlight: Less than 1% of unfair dismissal claims lead to rulings against employers

DLA Piper hires SEC trial lawyer in Boston

Piper Alderman partner reflects on cutting his teeth in the London legal scene

Australian Family Lawyers implements novel parental leave policy

Most Read Articles

Lucky 13 make partner in KWM's mid-year promotions cycle

Depp vs Heard: Shattering stereotypes against women as legal advocates

Journo's 'ill-advised' Logies speech delays trial in Brittany Higgins case

Clayton Utz, G+T celebrate completion of $8.9bn Crown Resorts acquisition