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ASX-listed company expands portfolio
King & Wood Mallesons has advised SCA Property Group on its acquisition of 10 shopping centres across the country.
Emma Musgrave
Firm: King & Wood Mallesons (SCA Property Group)
Value: The acquisition takes SCA Property Group’s total portfolio to more than $3.1 billion.
Area: M&A, property
Key players: The KWM team was led by partner Chris Mitchell, who advised on the acquisition portion of the transaction, and partner David Eliakim, who advised on the institutional placement. The pair were assisted by senior associates Shabarika Ajitkumar and Tristan Howes, as well as solicitors Qin Bi and Gemma McMahon.
Deal significance: SCA Property Group is listed on the Australian Securities Exchange (ASX). Its acquisition of the acquisition of 10 shopping centres across Australia included a $262.4 million fully underwritten institutional placement.
According to a statement from KWM, the acquisition takes the property group's portfolio to more than $3.1 billion, “making it the largest convenience-based retail specialist in Australia”.
“KWM is pleased to assist SCA Property Group with this significant addition to their convenience-based retail portfolio,” partner Chris Mitchell said.
“The acquisition was achieved in line with SCP’s core strategy and goal of continued disciplined growth.”
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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