Arnold Bloch Leibler has advised the specialist real estate investment manager IP Generation on its strategic sale to ASX-listed MA Financial Group Limited (ASX: MAF), in a transaction that marks a significant milestone in the evolution of both businesses.
IP Generation manages approximately $2 billion in Australian shopping centres across 10 unlisted funds. The firm is a leading player in the real estate sector and has built a strong reputation for originating off-market acquisitions and delivering attractive returns through active asset management.
The ABL team advising IP Generation was led by partners Rebecca Zwier and Ben Mahoney, with support from senior associate Cameron Sivwright and lawyers Natalie Thomas and Stephanie Aitken.
Commenting on the transaction, Ben Mahoney said: “This transaction represents an excellent outcome for IP Generation and its investors. The team has built a high-quality platform with a strong track record, and joining forces with MA Financial will unlock new opportunities for growth and scale. We’re proud to have worked with the IP Generation founders as their legal advisers at each step of the group’s evolution, culminating in this important milestone.”
The combined group will manage approximately $8 billion in real estate assets and operate a fully integrated shopping centre platform with around 40 assets under management.
This merger follows the assistance by ABL’s property and development team (led by Tyrone McCarthy) in the aggregation of IP Generation’s retail portfolio, including most recently its $223.5 million acquisition of the flagship David Jones building - the largest single-asset retail transaction in Melbourne’s CBD in almost a decade.
