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Three firms put deal in place
King & Wood Mallesons, Minter Ellison and Henry Davis York have advised on the sale of Pittwater Place Shopping Centre.
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Firms: King & Wood Mallesons (RREEF Real Estate), Minter Ellison (vendor), Henry Davis York (RREEF Real Estate’s financier)
Area: Real estate
Value: $56.6 million
Key players: The KWM team included senior associate, and real estate capital markets specialist, Mark Bayliss, and real estate solicitors James Hough and Andrew Cork
Deal significance: The acquisition was made by RREEF Real Estate on behalf of a German institutional client. “We were delighted to be able to continue our support of RREEF Real Estate … in the structuring and execution of inbound investment into Australian real estate. The investment is, among other things, testament to the continued confidence of real estate capital market participants in the Australian and broader Asian real estate markets, and the robust fundamentals and growth opportunities that underpin them,” said Bayliss.
