DLA Phillips Fox acted for trans-Tasman investment manager, HRL Morrison & Co in the purchase of 49.9% of the newly completed Melbourne Convention Centre by the Public Infrastructure Partnership LP (PIP LP).
The Melbourne Convention Centre is a blue chip Public Private Partnership (PPP) project comprising a hall with seating for 5,000 guests, 32 meeting rooms and a grand banquet room. The venue has achieved a 6-star green star environmental rating, and has won a number of architectural awards. It has also secured an Australian Construction Achievement Award in 2010. The Convention Centre complex and adjoining facilities were developed at a cost exceeding AU$1 billion, but the purchase price has not been disclosed.
The DLA Phillips Fox legal team was led by Partner Peter Monk with the support of lawyers from the firm’s Corporate, Finance & Projects and Tax groups. The vendor, Plenary Group, was represented by Minter Ellison.
Peter Monk said, “The Melbourne Convention Centre is an excellent asset in the social infrastructure space. This was a complex and heavily structured transaction and we have enjoyed working with the teams at HRL Morrison & Co, Plenary and Minters to achieve this successful outcome”.
Related Posts:
- None Found