Hall & Wilcox advises APN on strategic partnership with ARA

News29 July 2010

Leading Melbourne law firm Hall & Wilcox has advised ASX listed boutique real estate investment manager APN Property Group Limited (APN) on its strategic partnership with Asian real estate funds management company, ARA Asset Management Limited (ARA). The transaction involved a placement of 15% of the issued capital in APN to ARA and the acquisition by APN of […]

The transaction involved a placement of 15% of the issued capital in APN to ARA and the acquisition by APN of ARA Strategic Capital I Pte Limited (the manager of the ARA Asian Asset Income Fund). It is anticipated that Singapore based ARA will also provide seed capital to support future APN funds management activities.

The Hall & Wilcox team was led by managing partner Tony Macvean and included senior associate James Morvell and lawyer Tess Lynch. Tony Macvean travelled to Singapore with the APN team as part of the initial discussions and due diligence.

Tony commented, “We greatly value our long-standing relationship with APN and were pleased to be able to assist with this important strategic transaction”.

The Hall & Wilcox Financial Services – Funds Management team is made up of experts in funds management and financial services law and practice. Our team advises on the full range of funds management issues and transactions.