Firms pave way for innovative property vehicle

A new industrial property investment partnership has been forged through work undertaken by a circle of top tier Australian law firms

A new industrial property investment partnership has been forged through work undertaken by a circle of top tier Australian law firms.

Herbert Smith Freehills has advised fund manager Propertylink on the establishment of the Australian Industrial Property Partnership.

The new investment vehicle, established with investments from Goldman Sachs and the UK-based Grosvenor Group, currently has a portfolio of seven industrial assets with a combined value of $100 million.

The group is planning to extend its portfolio to $350-$400 million.

The HSF team, led by partners Michael Back, Philip Podzebenko, Philip McMahon and Jinny Chaimungkalanont, advised Propertylink on structuring, acquisition of seed properties, financing and the co-investment arrangements with Goldman Sachs and Grosvenor.

Allens, led by partners Victoria Holthouse and Penny Nikoloudis, advised the Grosvenor Group, while King & Wood Mallesons advised Goldman Sachs.
 
 

Recent articles & video

Thomson Geer confirms role in Bruce Lehrmann defamation suit

New partners join PCL Lawyers in Sydney

Need for DV assistance ticking up, Legal Aid NSW says

Top young stars of Australia's legal profession for 2024 unveiled

Wave of law firm mergers sweeps across the UK despite declining firm numbers

US Justice Department flags Kirkland & Ellis' potential conflict of interest in a bankruptcy case

Most Read Articles

Top young stars of Australia's legal profession for 2024 unveiled

Promotions round beefs up Clyde & Co's Australia partnership

Allens welcomes five new partners

Tech and IP stars join up with Allen & Overy