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Mallesons acts on sport infrastructure first
Mallesons has acted for World Sport Group on the world’s first sport infrastructure PPP project.
The New Lawyer
Mallesons Stephen Jaques acted for World Sport Group (WSG) on what is believed to be the world’s first and largest sport infrastructure PPP project and Singapore’s largest and flagship PPP project.
Under the Singapore Sports Hub PPP, a new national stadium and sporting and leisure facilities will be developed in Singapore. WSG, Asia's leading sports marketing, media and event management company,will provide sports consultancy and sports event procurement services for the Singapore Sports Hub, as well as manage all commercial rights relating to the Singapore Sports Hub for the next 25 years. The Mallesons team advising WSG was led by Sydney partner Scott Bouvier who was assisted by Senior Associate, Denisha Anbu. Sydney Project Finance Partner, Mark Upfold, was also involved. Bouvier said Mallesons’ involvement on this deal highlights the firm’s sports business expertise and Asian focus and capability. "We appreciated the opportunity to work with the World Sport Group on this deal, which involved creating a novel commercial sports rights relationship and integrating that into a PPP structure. We were able to combine our sports sponsorship, broadcasting, event and stadium experience with our other transactional experience, and then apply it in Singapore,” he said. With construction costs of SG$1.33bn, it is expected the new Singapore Sports Hub will open its doors by April 2014.
