Squire Patton Boggs partner Dannelle Howley advised Inmark Asset Management (Inmark) on the AU$463 million sale of its marquee property to Singapore’s AIMS APAC REIT. The site includes nine hectares of land, 45,000 square metres of buildings housing the Woolworths headquarters, a supermarket, gym, data centre and 3000 car spaces.
Ms Howley commented: “While completing a transaction of this size and complexity is always rewarding for lawyers, it was more so in this case, in circumstances where it was effectively negotiated, documented and completed during lockdown in a pandemic. Thanks go to King & Wood Mallesons. (KWM), who acted for the buyer, and to all those involved”.
Squire Patton Boggs assists Inmark in its Australian property transactions and is excited to be supporting them through the next phase of their growth. Ms Howley was supported by Ben Chahoud and Jacqueline Tan. The acquirer was represented by KWM.