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Richmond Bridge advised on $105m property deal
MinterEllison has advised the real estate investment management firm on an agreement involving the acquisition and operation of a Melbourne industrial property.
Emma Musgrave
Firm: MinterEllison (Richmond Bridge Asset Management)
Value: $105 million
Area: Corporate merger and acquisition; real estate; tax
Key players: The MinterEllison team was led by partners Carla Deluca and Adrian Varrasso and special counsel Andrew Stone.
Deal significance: Richmond Bridge Asset Management is a real estate investment management firm.
This deal saw MinterEllison advise the group on a bespoke investment management mandate structure with UniSuper to enable it to acquire and operate the industrial property located in Yarraville — an inner-city suburb in Melbourne.
“The 13.2-hectare property at Yarraville, close to Port Melbourne, adds to Unisuper’s $6.3 billion unlisted property portfolio. UniSuper plans to redevelop the site into a modern infill logistics estate benefiting from its location and the nearby projects and infrastructure, including the West Gate Tunnel and the Fisherman[s] Bend Urban Renewal project,” a statement from MinterEllison explained.
“As part of the SPV, Richmond Bridge will manage and operate the property on behalf of UniSuper.”
One of the leads on the deal, Carla Deluca, said: “We worked closely with the Richmond Bridge team and UniSuper to design and create investment structures that met the partnership objectives in the industrial sector.”
“We look forward to seeing the redevelopment of the site and are grateful to the Richmond Bridge team for the opportunity to work on this exciting industrial redevelopment.”
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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