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Last stage of mega land deal complete
A boutique law firm has advised on the final stage of a multimillion-dollar acquisition of the former Amcor Paper Mill development site.
Emma Musgrave
Firm: Kalus Kenny Intelex (Alphington Developments); Undisclosed (Alpha Group)
Deal: Alphington Developments, together with co-purchaser Alpha Group, has completed their acquisition of the former Amcor Paper Mill development site in Alphington.
Value: $120 million
Area: M&A
Key players: Kalus Kenny Intelex founding partner Henry Kalus led the team advising Alphington Developments, with assistance from partners Denise Wightman and Lisa Fowler.
Deal significance: According to a statement from Kalus Kenny Intelex, the contract for this acquisition kicked off in 2013 with the final stage now complete.
"Between signing the contract to purchase and the final settlement, the firm has handled some $230 million of pre-sales in various early release precincts of the soon to be new suburb of YarraBend, comprising house and land, townhouses and apartments, and the sale of a superlot to Hong Kong developer U-Home," the firm's statement said.
"On the banks of the Yarra River only 6.5 kilometres from Melbourne’s CBD, the site is earmarked for some 2,600 dwellings, commercial and communal uses with abundant open space, including playgrounds, community gardens and bike trails."
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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