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ABL advises MAB on Uni Hill Factory Outlets sale

Property & Development
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Arnold Bloch Leibler has acted for MAB Corporation on the sale of a 50% interest in Uni Hill Factory Outlets to ASX-listed Vicinity Centres, for $67.8 million. MAB Corporation will continue to retain a 50% interest in the asset.

The firm’s Property & Development team, led by Partner Ken Gray and Senior Associate Dorian Henneron and assisted by lawyers Stefano Vinci and Lily Chen, advised on all aspects of the transaction, including sale and co-ownership documentation and the negotiation of agreements.

Ken Gray commented: “We are pleased to have assisted MAB on this significant matter, particularly given current retail and economic conditions”. Dorian Henneron added: “The transaction reflects a high level of confidence in the quality of the Uni Hill asset”.

Developed by MAB and opened in 2008, Uni Hill is located in Melbourne's north within MAB’s award-winning 104 hectare University Hill project and includes five mini-major tenants and 94 specialty tenancies.

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.

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