The funds will support the purchase of a property with a completion value that could exceed $3.9bn
Holding Redlich has helped Richmond Bridge, UniSuper and ISPT with the launch of an investment fund to finance the acquisition of Burra Park in Badgerys Creek.
In addition to being a large-scale deal, the transaction saw Richmond Bridge achieving exclusivity on the property, negotiating the co-investment arrangements, conclude a capital raise, and complete the purchase of the land in a short time frame. When it is developed, Burra Park’s completion value is anticipated to exceed $3.9bn.
The development, which encompasses more than 400,000 square metres of gross floor area, is expected to count manufacturing, warehouse, and logistics companies among its tenants.
In addition to the fund establishment, the Holding Redlich team, which featured partner Andrew Stone, also assisted with the capital raise from UniSuper and ISPT, which will be overseen by Richmond Bridge.
The Burra Park property spans 280 hectares and is situated next to the Western Sydney Airport.
