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Real estate asset manager embarks on multimillion-dollar refinancing
Herbert Smith Freehills has acted for a prominent real estate asset manager in its $174 million refinancing.
Emma Musgrave
Firms: Herbert Smith Freehills (Real I.S. AG and Real I.S. Australia Pty Ltd); Sparke Helmore (Westpac Banking Corporation)
Value: $174 million
Area: Finance
Key players: The Herbert Smith Freehills team was led by Lucy McCullagh, with assistance from senior associate Oanh Ho and graduate James Paolucci.
Deal significance: Real I.S. is one of Germany’s most prominent real estate asset managers, and has more than €6.5 billion of property under management and operates in Germany, France, Luxembourg and Australia.
According to a statement from Herbert Smith Freehills, this transaction involved working closely with parties and advisers located in Munich, Cologne, Sydney and Canberra.
Commenting on the deal, lead partner Lucy McCullagh said: “It was a pleasure to work closely with Real I.S. in Munich and Sydney on achieving a successful refinancing”.
“The Geoscience Australia building is a terrific example of Real I.S. Australia’s portfolio, being a property with environmentally sustainable characteristics tenanted, under a long term lease, by a government tenant being Geoscience Australia – Australia’s pre-eminent public sector geoscience organisation,” she said.
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.
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