National legal practice Colin Biggers & Paisley have led the charge on the sale of Homeworld Helensvale, acting for the seller in what is Queensland's largest recorded sale of a large format retail (LFR) centre and second largest recorded sale Australia wide.
Lead partner Rebecca Castley
said the transaction, which was finalised in August, was significant for the client following more than a decade of growth, with the deal cementing the practice's property team as leaders in their field.
"This was a very important transaction for our client, as the joint venture had successfully developed the shopping centre from a greenfield site over the last 16 years to become one of Queensland's premier large format and daily needs centres," Rebecca said.
"We worked closely with the joint venture on the sale transaction, including consulting with the appointed agents during the preparation and conduct of the "invitation only" expressions of interest campaign, managing the due diligence process with interested parties, drafting the sales documentation and bringing the matter to completion".
"It's rewarding to develop a trusted relationship with our clients and work on deals at a large scale, like this one, as there are tangible benefits not only to the local economy, but internationally as well. It also reflects the capability and expertise of our people to deliver favourable outcomes to our clients, no matter the scale."
The ultimate buyer is Australian but has links to one of the largest property developers in Taiwan and was represented by Sia and Sia Lawyers.
The Colin Biggers & Paisley team was led by Partner Rebecca Castley and supported by Special Counsels, Natalie Humzy-Hancock
and Carlos Gouveia
, and solicitor, Kate Webby.
For more information please contact Linda Branton on 02 8281 4594 or email@example.com.
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