Tyrone McCarthy

Tyrone McCarthy

BA, LLB (Hons) (Monash)

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About Tyrone

Tyrone McCarthy practises in property and banking and finance law, with a strong emphasis on property acquisition, financing and development. He has acted for major corporations, private client groups and entrepreneurs in a broad range of property development and finance matters.

Tyrone is recognised as a leading lawyer by various international guides to lawyers and law firms, including Chambers Asia Pacific, Best Lawyers® International, Legal 500 Asia Pacific and Doyle’s Guide.

Tyrone joined Arnold Bloch Leibler as an articled clerk in 2004 and was admitted to practice in 2005. In 2008, he moved to Dubai as a member of the projects group at Allen & Overy before returning to Arnold Bloch Leibler as a senior associate at the end of 2012. Tyrone was appointed as a partner in July 2014.

“Excellent communicator, problem solver and articulator”.

Client quote, Legal 500 Asia Pacific

Practice focus

Tyrone’s practice focuses on the following areas:

large scale development and construction projects;
sales and acquisitions, including commercial, retail, industrial and mixed-use properties;
commercial and industrial leasing transactions;
banking and finance transactions, including property finance and project finance; and
property investment and joint ventures.

Experience

Tyrone has acted for major corporations, private client groups and entrepreneurs on a broad range of matters, including:

Telstra Super: in relation to the sale of its 50% interest in Carlingford Court Shopping Centre
Charter Hall Group:
- in relation to a leasehold interest in 35 hectares of master planned approved industrial land known as Light Horse Business Hub in Eastern Creek, NSW;
- in relation to the acquisition, development and leasing of industrial properties in Victoria, New South Wales, Queensland, Western Australia and Tasmania by the Core Logistics Partnership Trust;
- in relation to the acquisition of Telstra’s office headquarters in Melbourne ($830 million) and the acquisition of a 49% interest in Telstra exchange properties ($1.43 billion);
- advised on an agreement with BP for a stake in 225 convenience and fuel outlets ($840 million);
- acted on its acquisition - via a Charter Hall managed fund, with Charter Hall and GIC, Singapore’s sovereign wealth fund as investors - of a 49 per cent stake in the Ampol Property Trust; and
- in relation to the acquisition of a $353 million portfolio of six Bunnings assets located in prime metropolitan markets, including Sydney, Melbourne and Brisbane.
Charter Hall and Abacus Property Group: in relation to their respective acquisitions of a one-third interest in the Myer Melbourne building for a combined $270 million;
Metro: in relation to the acquisition of the prominent ‘Bingara Gorge’ site from Lendlease;
Premier Investments: in relation to the acquisition and development of its national distribution centre in Victoria;

Salta Properties: on its partnership agreement with Abacus to develop a $230 million office complex in Richmond;
Impact Investment Group: on the sale of K1 office building in Brisbane for $170 million and the $100+ million sale of the iconic Byron Bay Beach Hotel;
IP Generation:
- in relation to a $300 million portfolio of Sydney and regional NSW neighbourhood shopping centres from businessman Paul Lederer; and
- acted on the acquisition of Corio Shopping Centre from Vicinity Centres for $101 million.
Australand Property Group: in relation to the acquisition, development, leasing and sale of industrial properties at Melbourne Airport and other locations in Melbourne;
Becton Property Group: in relation to its participation in the Bonnyrigg Partnerships consortium;
BOS International (Australia) Limited: in relation to various property-backed structured financing arrangements;
OSB Investments: in relation to the acquisition and financing of the Old Swan Brewery;
a consortium comprising National Chevron Phillips Chemicals and SIIG: in relation to the financing and development of the USD3.6 billion NCP Project in Saudi Arabia;
Enshaa Property Group: in relation to the acquisition, financing and development of the Palazzo Versace Dubai development and the Dubai D1 Tower development; and
Al Futtaim Group: in relation to the financing and development of Dubai Festival City.