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ABL acts on $225 million shopping centre deal

Property & Development
People shopping in mall
Arnold Bloch Leibler has advised long-standing client, property funds manager Haben, and its joint venture partner JY Group in relation to their acquisition of Casey Central Shopping Centre for $225 million.

As reported in The Australian, the deal represents one of the largest Victorian subregional shopping centre sales in the last 5 years.

Property & Development senior associate Liam Thomson led the transaction with the assistance from lawyer Tamsen Kempster. Banking & Finance partner Nathan Briner advised on the financing component of the purchase, assisted by senior associate Lisa Garson and lawyer Isabel Charny.

Liam Thomson said: "Congratulations to our clients Haben and JY Group on their latest acquisition, following their purchase of The Pines Shopping Centre earlier this year. We look forward to working with the team on future transactions."

ABL was also involved in Haben’s earlier shopping centre acquisitions including the purchase of The Pines Shopping Centre in Melbourne’s Doncaster East with the JY Group for $160 million and Caloundra Shopping Centre in Queensland’s Sunshine Coast for $97 million.

About Arnold Bloch Leibler

Arnold Bloch Leibler is a premium Australian commercial law firm renowned for advising clients on their most important transactions, commercial issues and disputes. From offices in Melbourne and Sydney, the firm provides advice to a diverse range of entrepreneurial Australian listed companies, private businesses, high-net-worth individuals and international corporations. The firm also has a dedicated public interest practice providing advice to charities and not-for-profit organisations relating to significant legal, social, environmental and cultural issues.

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