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QuadReal advised on JV with Lendlease for $300m build-to-rent development
Global law firm DLA Piper has advised Canada-headquartered real estate investment firm QuadReal on its joint venture with Lendlease to develop a $300 million build-to-rent development in Brisbane.
Jerome Doraisamy
Firm: DLA Piper (QuadReal)
Area: Real estate
Value: $300 million
Key players: The DLA Piper team was led by partners Emma Kendall and Stephanie Lambert, who were supported by senior associate Michael Orban and solicitor Pippa Harley.
Deal significance: Speaking about the deal, Ms Kendall said: “Australia’s fledgling build-to-rent sector has a long way to run, but global institutional investors are eager to secure high-quality projects.
“The transaction demonstrates DLA Piper’s expertise in complex structured joint ventures that support these investments.”
Ms Lambert added: “We were pleased to advise QuadReal on this significant build-to-rent project.
“The development is part of a multibillion-dollar pipeline of build-to-rent projects which are set to transform the Australian property market. We see significant upside for this asset class.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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