NRF advises on acquisition of Melbourne hotel

Property was acquired by a Singapore-based hospitality group

NRF advises on acquisition of Melbourne hotel

Global firm Norton Rose Fulbright (NRF) has advised hospitality firm Next Story Group on its acquisition of a newly built hotel in Melbourne.

The 16-storey, 162-room property will open as the LinQ Hotel Melbourne Southbank in September. The hotel is Next Story Group’s first asset in Australia under the “LinQ” brand.

NRF’s real estate team – led by partner Adrian Jones and supported by partners Greg Reinhardt and Jeremy Wickens, special counsel Luke van Grieken, and associate Jacinta Magazzu – advised Next Story Group on asset due diligence, negotiations, and completion of the sale. The team also advised on corporate and tax structuring and negotiated on the existing construction contract.

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“We are pleased to have assisted Next Story Group in the next stage of its strategic growth in the Australian market,” said Jones. “This strategy led the group to acquire the right property in the right location, the Melbourne Southbank precinct being a vibrant hub that attracts locals and travellers alike.”

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