Top firms lead as Australia’s largest serviced residence provider formed

A Singapore-based company makes a major play in Australia

Top firms lead as Australia’s largest serviced residence provider formed
Two global law firms have led as a Singapore-based company becomes Australia’s largest serviced residence provider.

King & Wood Mallesons (KWM) acted for Ascott Holdings, a subsidiary of Singapore Exchange-listed CapitaLand, as it acquired a 60% stake in Quest Apartment Hotels. The $193m cash deal makes Ascott, which now owns 80% of Quest, the largest serviced residence company in Australia.

The founders of Quest Apartment Hotels were advised by Clayton Utz. Both law firms fielded teams of lawyers from multiple practice groups.

The KWM team was led by partner Adrian Perkins. He was supported by Kate Lindner, Daniel Dressler, Angus Morris, and Sam Monk.

Mergers and acquisitions partner Andrew Walker and senior associate Aimee Nguyen led the Clayton Utz group, which also included lawyers Tiffany Leach and Chris Fitzgerald.

Ascott now has a portfolio of more than 67,000 units in 507 properties located in 124 cities worldwide after getting a boost of more than 11,000 units following the Quest acquisition. Quest has 180 properties in both urban and regional locations in Australia, New Zealand, and Fiji.


Related stories:
What are the APAC’s top law firm brands?
Ground-breaking UK deal succeeds with advice from Magic Circle firm

Recent articles & video

UK family lawyers launch mental health resource for divorce clients

Bankruptcy attorney Jamie Sprayregen departs Kirkland & Ellis for Hilco Global

DLA Piper bolsters US-Africa practice with Kalidou Gadio as new co-chair

Lander & Rogers launches workplace law elective at QUT

CE Family Law's Louise Hunter had an Erin Brockovich for a grandma

WFW picks up win at 2024 Australian ADR Awards

Most Read Articles

Hamilton Locke partner transitions to Lander & Rogers

Global law firm Kirkland & Ellis advises on multi-billion-dollar merger in the natural gas sector

Two Australian lawyers ascend to partner in major HFW promotions round

ALRC releases anti-discrimination, religious educational institution law recommendations