Login
NSW government advised on ‘landmark Land Titles concession’
A national law firm has acted as the legal adviser for the NSW government in relation to the multibillion-dollar concession of Land and Property Information NSW.
Emma Musgrave
Firm: Gilbert + Tobin (NSW government)
The transaction involved granting a 35-year concession to operate LPI’s titling and registry functions to the winning consortium, which was led by leading Australian infrastructure fund manager Hastings Fund Management and First State Super.
Value: $2.6 billion
Area: Government
Key players: The Gilbert + Tobin team was led by corporate advisory partner and chairman of the Gilbert + Tobin board, Bill Spain, competition and regulation partner Peter Waters, TMT partner Tim Gole, corporate advisory partner Tim Gordon, banking and infrastructure partner Gail Christopher and litigation partner Dianne Banks.
The team was supported by lawyers James Pomeroy (litigation), John Rhodes (TMT), Adrien Grady (TMT), Shelley Burger (corporate advisory), Philipp Gunther (corporate advisory), Elizabeth Spain (TMT), Stephanie Essey (TMT), Sophie Chesterton (competition and regulation), Tom Platt (competition and regulatory), Alice Pailthorpe (corporate advisory), Mitch Bennet (corporate advisory) and Jenny Leung (corporate advisory).
Deal significance: The proceeds of the transaction will allow the government to fund the upgrade of major NSW infrastructure, according to a statement from G+T.
The firm noted that the concession is the first of its kind in Australia, and its implementation involved advising on significant legislative reform and the preparation and negotiation of extremely complex concession documentation.
“The long-term concession of LPI is a first of its kind and involved a high level of innovation and collaboration across the G+T team,” Mr Spain said.
“We are pleased to have worked with the NSW Treasury on delivering such a successful outcome for NSW.”
Commenting further on the transaction, Mr Waters said the concession demonstrates the firm’s ability to seamlessly manage commercial drivers and bespoke aspects of transactions.
“LPI plays an important role in the NSW economy, and we are pleased to have helped deliver a robust regulatory and contractual model that also allowed the successful bidder to pay an outstanding price for the concession.”
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:
