Hall & Wilcox has advised Aqualand Group, a leading Australian integrated property developer, in a $600 million funding package, believed to be one of the largest property development project finance arrangements ever provided by a non-bank financier in Australia.
Aqualand Group will use the finance to complete the construction of AURA by Aqualand, a $1 billion mixed-use development which is set to be the focal point of the transformation and rejuvenation of North Sydney.
The Hall & Wilcox team acted for Aqualand Group in negotiating and finalising all debt documents, including a package of senior and mezzanine finance arrangements, a land transfer and refinance of existing debt.
Partner Mark Inston and Senior Associate Angelica Huang managed the debt transaction. Partners Ranny Fan and Eugene Chen, Senior Associate Joy-Yi Zhao and Lawyer Sarah Khan managed the corporate side of the funding, supported by Partner Jennifer Degotardi and Lawyer Victoria Cai on property and Special Counsel Ben Cotter on construction.
Ranny Fan said, ‘It was a privilege to have supported Aqualand Group on this significant transaction. This landmark funding arrangement demonstrates Aqualand Group’s continuous strong growth in property development in Sydney. It’s a true team effort and an excellent example of Hall & Wilcox’s ability to provide a full-service and collaboration across several practice groups to deliver a desirable outcome for our client.’
Hall & Wilcox is a leading independent law firm. We have more than 950 people, including approximately 120 partners, working across eight offices. We build partnerships with and service corporate, public sector and private clients, both Australian-based and those offshore doing business in Australia.
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