Maddocks advises Malaysian developer on sale, JV for Melbourne Square tower

The JV was established with the aim to develop a new build-to-rent tower

Maddocks advises Malaysian developer on sale, JV for Melbourne Square tower

Maddocks has advised Malaysian developer Yarra Park City on a sale and joint venture with GURNER and Qualitas (GQ) to develop and run a build-to-rent (BTR) residential tower in Melbourne Square.

The new tower will be situated within Yarra Park City's $2.8bn Melbourne Square precinct, the firm said.

Robert Clarke, Gurner Group's chief development officer, said in a statement published by ASEAN Developer that the joint venture “makes a lot of sense for us as it’s a shovel-ready precinct that will deliver much needed rental supply to the market in an area that’s growing and supporting a large population.”

The Maddocks team, led by commercial partner Chong Ming Goh and partner James Beauchamp, provided advice on all property aspects and commercial aspects of the deal; the team also provided advice regarding the Foreign Investment Review Board.

The firm previously advised Yarra Park City on the development of Stage One of Melbourne Square.

Recent articles & video

Corrs, HSF contribute in $4.3bn acquisition of CSR Limited

Aravax taps MinterEllison on US$68m Series B raising

Maddocks snaps up Ashurst star to lead trade mark and brand protection practice

Dealmakers of the Year 2024 nominations will close tonight

Dentons beefs up banking and finance practice with new Melbourne partner

ACT Bar announces new leaders

Most Read Articles

New CEO to lead Carter Newell

Hall & Wilcox guides McKenzie Group's acquisition of Hendry Group assets

Ashurst, Sullivan & Cromwell guide Alcoa Corp acquisition of Alumina Limited

HSF confirms role in landmark clean energy deal