Firms act on $95m Melbourne tower sale

The firms advise as an Australian investment manager makes its first divestment, selling an office tower to a Singapore-based company

Firms act on $95m Melbourne tower sale
Two firms have acted for two investment management companies on the sale of an office tower in Melbourne.

Mills Oakley has scored the first divestment of the Australian Property Opportunities Fund, managed by Fort Street Real Estate Capital.

Gadens has acted for Rockworth Capital Partners, the Singapore-based real estate investment management firm that bought the 28-level tower at 390 St Kilda Road for $95m.

Mills Oakley, with a team led by partner James Price, advised Fort Street on an extensive due diligence and RFI process.

The team, which also included senior associate Jarrod Marchesi and law clerk Snezana Radojevic, also prepared and negotiated the sale contract and acted on the settlement, which closed on 31 July.

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