Login
Real estate developer adds $360m site to portfolio
Two firms have advised on the acquisition of a 9.4-hectare site in the peninsular suburb of Wentworth Point, in a deal worth $360 million.
Emma Musgrave
Firms: Ashurst (Sekisui House); MinterEllison (Roads & Maritime Services)
Value: $360 million
Area: Real estate
Key players: The Ashurst team advising Sekisui House was led by corporate partners Pauline Tan and Barbara Phair.
Deal significance: Sekisui House was founded in Japan in 1960 and has a strong presence in Australia.
The real estate developer has over $2 billion currently invested in projects across the country, with more planned over the next 20 years.
This acquisition of 14A Hill Road, Wentworth Point will see the company acquire a further 9.4 hectares of Australian land, worth $360 million.
Ashurst corporate partner Pauline Tan said the acquisition is one of Sekisui House's most significant milestones since entering the Australian market in 2009, and firmly positions Sekisui House as one of the foremost property developers in the country.
“We are delighted to have advised Sekisui House in this significant acquisition at Wentworth Point,” she said.
“The site is an excellent addition to the company's existing developments and we are pleased to have advised on this milestone.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
Email Emma on:
