Led by the firm’s property & development partners Tyrone McCarthy and Gia Cari, the multi-disciplinary ABL team advising Charter Hall on the acquisition included Rob Deev and Emma MacPhee (Property), Genevieve Sexton (Banking & Finance), and Zoe Chung and Mark Macrae (Stamp Duty and FIRB).
Tyrone McCarthy commented: “We’re delighted to have advised on this significant transaction, which continues the strong relationship we have with Charter Hall. We look forward to supporting their team again in the future”.
This portfolio investment follows closely off the back of Charter Hall transacting to acquire 100% of the units in the trust owning the Telstra tenanted, A-Grade office building at 242 Exhibition Street in Melbourne for a total consideration of $830m. Arnold Bloch Leibler also acted for Charter Hall on the Exhibition Street deal, again led by Tyrone and Gia with the assistance of an extended ABL team (Jonathan Wenig, Genevieve Sexton, Damien Cuddihy, Mark Macrae and Emma MacPhee). As reported in the Australian Financial Review, Charter Hall’s Managing Director and Group CEO, David Harrison commented on the transaction: “We have a strong track record of creating institutional-quality investment opportunities that deliver long-term sustainable income for our investors”.
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, family businesses, high-net-worth individuals and international corporations. The firm also has a dedicated pro bono practice providing advice on social, environmental and cultural issues to more than 150 charitable and not-for-profit organisations.
