Allens acts for the GPT Group in $200 million shopping centre acquisition
2 November 2009
Allens Arthur Robinson (Allens) has advised the GPT Group (GPT), one of Australia’s largest diversified listed property groups, in its acquisition of additional interests in Highpoint Shopping Centre and Homemaker City in Maribyrnong, Victoria.
The transactions – valued at more than A$200 million – involved GPT acquiring an additional 16.67 per cent share in the properties from the Besen Family, who had previously owned 50 per cent.
The Allens team, comprising Partners Nicholas Cowie and Tony Sheehan and Senior Overseas Practitioner Jayne Fullerton, advised GPT on all facets of the transaction, including deal structure and documentation.
'This recent transaction consolidates a major interest in one of Australia's leading shopping centre complexes,' said Mr Cowie.
'Allens has a long-standing relationship with GPT – including recently advising it on its capital raising worth approximately A$1.7 billion and the recent sale of Floreat Forum shopping centre to a Perth investor.
'We are always delighted to work alongside GPT on strategic transactions like this recent acquisition.'
Ends
| Client | The GPT Group |
| Deal value | More than A$200 million |
| Allens legal team | Nicholas Cowie (Partner – Sydney), Tony Sheehan, (Partner – Sydney), Jayne Fullerton (Senior Overseas Practitioner – Sydney) |
| Other law firms involved | Arnold Bloch Leibler Freehills |
For further information, please contact:
- Jane FoleyCorporate Communications Coordinator,
Melbourne
Ph: +61 3 9613 8503
Jane.Foley@aar.com.au
Notes for editors.
Founded in 1822, Allens Arthur Robinson offers one of the most comprehensive legal networks in Australia and Asia with more than 1500 personnel based in 14 cities and eight countries across the region. Clients voted Allens Arthur Robinson the Best Professional Services Firm (revenue over $200 million) and Best Law Firm (revenue over $100 million) in the annual BRW Client Choice Awards 2005, 2006 and 2008. We have been an EOWA Employer of Choice for Women since 2004.
