Top firm advises NSW on historic land titles registry lease

A pioneering but controversial deal sees NSW’s land titles registry to companies for $2.6bn for 35 years

Top firm advises NSW on historic land titles registry lease
Gilbert + Tobin acted for the New South Wales government on the $2.6bn concession of the state’s Land and Property Information (LPI) agency.

Under the agreement, Australian infrastructure fund manager Hastings Fund Management and First State Super will operate the LPI for 35 years. The deal was panned by experts, who said the concessionaires will have access to a treasure trove of personal information on the state’s residents.

G+T said that the deal, the first of its kind in Australia, involved significant legislative reform and the preparation and negotiation of “extremely complex concession documentation.” It also required a “unique regulatory and contract model,” the firm said.

The G+T team was led by Bill Spain, corporate advisory partner and chairman; Peter Waters, competition and regulation partner; Tim Gole, technology, media and telecommunications partner; Tim Gordon, corporate advisory partner; Gail Christopher, banking and infrastructure partner; and Dianne Banks, litigation partner.

They were supported by lawyers James Pomeroy, John Rhodes, Adrien Grady, Shelley Burger, Philipp Gunther, Elizabeth Spain, Stephanie Essey, Sophie Chesterton, Tom Platt, Alice Pailthorpe, Mitch Bennet, and Jenny Leung.
The NSW government said that proceeds of the deal will be used to fund major NSW infrastructure.

Related stories:
Legal jobs among those cut as 457 visa is axed
Firm advises on $854m purchase of AU’s largest travel insurance company

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

Lawyers need to acknowledge their value, EY Law partner says

Boutique firm’s practice director among Global Banking Regulation Review’s 45 under 45

Clifford Chance launches global ESG board

Australian legaltech company expands to NZ with merger

Five skills every lawyers needs in 2021

The Smith Column: Seamlessly envisioneering best-of-breed infomediaries

Most Read Articles

HWL in shock IPO decision

Industry luminaries team up to launch litigation funding firm

Risk advisory head tapped as NRF's next Australia chair

MinterEllison acts on $446m sale of cancer treatment facility