Login
Melbournian project receives green light
An international law firm has advised on a joint venture which has sees $154 million invested into a Melbourne square development project.
Emma Musgrave
Firm: Allens (PJ Development Holdings Berhad)
Value: $154 million
Area: Finance, development
Key players: The Allens legal team was led by corporate partner Mark Malinas and corporate managing associate Jessica Choong, with assistance from corporate associate Annie Zheng, tax partner Martin Fry, senior tax counsel Jennee Chan and tax senior associate Scott Lang.
Deal significance: According to a statement from Allens, the $154 million investment will pave the way for the development of the $2.8 billion mixed-used Melbourne Square project which will consist of residential apartments, a retail mall, an office tower and a hotel/serviced apartments in Kavanagh Street, Southbank, Melbourne.
Upon its completion, the Melbourne Square project will be one of the largest single development projects in Victoria’s history, the firm said.
“We were pleased to assist PJ Development Holdings Berhad in partnering with the Employees’ Provident Fund of Malaysia to deliver such an exciting and transformative project to Melbourne’s premium Southbank location,” said corporate partner Mark Malinas.
“The entry into the joint venture demonstrates the continued interest by Asian foreign investors in Australian real estate assets.”
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:
