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International law firm Allens has advised a leading Asia-Pacific logistics specialist group on an acquisition worth $1.67 billion.
Firm: Allens (LOGOS Group).
Value: $1.67 billion.
Area: M&A.
Key players: The Allens’ team was led by partner and projects specialist, Nigel Papi and partner and funds specialist, Penny Nikoloudis. The lead partners were also supported by a number of lawyers from Allens’ projects, funds, M&A, real estate, environment and planning, banking and finance, FIRB, energy, intellectual property and competition, consumer and regulatory teams.
Deal significance: The consortium comprises AustralianSuper, AXA, NSW Treasury Corporation, Ivanhoé Cambridge and LOGOS.
Moorebank Logistics Park is “Australia’s largest freight infrastructure project”, the firm said, and will link Port Botany directly to rail terminals and warehousing on a 243-hectare site, greater than the size of the Sydney CBD.
Mr Papi said: “This highly complex transaction underscores the strong interest of long-term investors in logistics assets. The Moorebank Logistics Park is a unique site combining warehouse construction, rail infrastructure and an import-export terminal. Qube’s monetisation process received strong interest from a number of parties and we are very pleased to have been able to assist the LOGOS consortium to secure this significant asset.”
Ms Nikoloudis added: “We congratulate LOGOS and the consortium partners on this landmark investment. We are fortunate to know LOGOS very well, having acted for LOGOS on significant ventures and transactions over the past decade, which have helped shape the dynamic and growing logistics sector in Australia.”
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
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Lauren Croft
