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ABL acts for AsheMorgan on largest office purchase of the year

Banking & Finance, Corporate and M&A, Property & Development, Taxation
iStock 1411304340 min

Arnold Bloch Leibler has acted for commercial property fund manager, AsheMorgan, on its purchase of an office tower and the MetCentre at 60 Margaret Street, Sydney.

AsheMorgan and MEC Global Partners Asia purchased the property from Mirvac and Blackstone comprising one of Australia’s largest commercial property deals of the year so far. The property is located above key transport infrastructure in Sydney CBD.

A cross-practice team from ABL advised on all aspects of the complex transaction.

The transaction was led by Banking & Finance partner Paul Rubenstein and Property & Development partner Gia Cari. They were assisted by partners Scott Phillips (Corporate and M&A) and Clint Harding (Taxation), special counsel Laila De Melo (Banking & Finance), senior associates Matthew Davies (Property), Andrew Spierings (Taxation), Mark Macrae (Taxation), Ari Bendet (Corporate and M&A) and lawyers Christopher Regester (Banking & Finance), Jordan Brewer (Property & Development) and Thomas Polhill (Property & Development).

Commenting on the transaction, Gia Cari said: "We are thrilled to have been involved in this milestone transaction for AsheMorgan. It was highly complicated, and was negotiated and completed during a time of challenging market conditions. I’m very proud of all involved, and of the seamlessly integrated advice provided by the multidisciplinary ABL team.”

Paul Rubenstein also congratulated the team, saying: “It was a pleasure to work with AsheMorgan on another strategically important transaction and watch them go from strength to strength.”

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