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Mark Palermo
Partner
Mark Palermo has been recognised and recommended in Best Lawyers in Australia and Doyle’s Guide for his real property, and hospitality and tourism work.
Mark’s practice includes commercial property law, hospitality and liquor licensing, and project finance.
In Western Australia, Mark has represented clients on the acquisition and disposal of hotels (both accommodation hotels and tavern hotels) and liquor stores, and has experience in new liquor licensing matters. Mark also has broad experience in real estate development, including private and civic site redevelopments and joint venture contracting. He has represented various clients on office space leasing within some of the most iconic towers across Perth’s skyline. He also acts for various borrower clients on project and corporate finance matters.
Mark spent a year in Brisbane, where he assisted with the drafting, preparation and management of leases for a new major Queensland shopping centre.
Mark was the President of the University of Western Australia Graduate Management Association Inc. (having previously held the roles of Vice President, Secretary and Treasurer) from 2014 to 2016, and from 2010 to 2012 was a member of the Urban Development Institute of Australia (WA) (UDIA) Outlook@UDIA committee.
Mark was a presenter of the commercial property section of the UDIA Professional Development Program from 2009 to 2017. In September 2012, Mark was a finalist in the UDIA Young Development Professional Scholarship.
Land Development, Management, Acquisitions and Sales
- Acting for Brookfield on the acquisition, development and lease back of the site which intended to become the Chevron office tower headquarters at Elizabeth Quay.
- Acting for Far East Consortium on the acquisition, contracting and strata titling of its Elizabeth Quay and Perth City Link sites, including the Perth Hub apartment development.
- Acting for Woolworths on the sale (completed) and purchase (for development) of various shopping centre sites in Western Australia and on the sale of various petrol sites across Australia.
- Acting for The Perth Diocesan Trustees on its joint redevelopment (with the State of Western Australia, Mirvac and the City of Perth), of the St Georges Cathedral/Treasury site, including the preparation and negotiation of site leases, easements, and development agreements.
Leasing
- Acting for Brookfield in relation to the leasing of office and retail tenancies at several Perth locations, including Bishops See, 108 St Georges Terrace, Brookfield Place Tower 2 and EY 11 Mounts Bay Road.
- Acting for the Metropolitan Redevelopment Authority on the leasing of Yagan Square, including negotiating the site head lease and preparing the suite of retail lease precedents, together with assisting on the liquor licensing strategy.
- Acting for St. Martins in relation to the leasing of office and retail tenancies at several Perth locations, including St Martins Tower, 40 St Georges Terrace, 50 St Georges Terrace and the Royal McNess Arcade and also in relation to the King Street, Melbourne retail properties.
- Acting for Woolworths Group on the leasing of a number existing and greenfield supermarket, petrol and liquor store premises in Western Australia.
Hospitality and Liquor
- Acting for ALH Group on the AU$86 million acquisition of 12 taverns across Perth (freehold and business).
- Acting for Avant Hotels Australia on the sale of the Crowne Plaza Perth hotel, including preparing and negotiating the hotel sale agreement, dealing with the section 104 (profit sharing) liquor licence application and acting on completion.
- Acting for the Trinity Accommodation Regional Hospitality Fund on the potential acquisition of distressed regional hotel assets, including review and negotiation of the purchase contracts.
- Acting for Woolworths Limited on the acquisition of 15+ liquor stores in Western Australia across a number of separate transactions, including due diligence, negotiation of business sale contracts, negotiation of lease documents, liquor licence transfer and settlement.
Project Finance
- Acting for Psaros in relation to the corporate and project financing of various apartment developments in Perth.
- Acting for Devwest Group in relation to the financing of the Richardson One mixed-use development in South Perth.
Education
- Queensland University of Technology, M.B.A., 2007
- The University of Notre Dame Australia, B.Comm., 2004
- College of Law, New South Wales, Graduate Diploma, 2006
- The University of Western Australia, M.B.A., 2009
Admissions
- New South Wales, 2008
- Western Australia, 2008
Languages
- English
- Recognised by Best Lawyers in Australia since 2020 for Hospitality and Tourism and Real Property Law.
- Recommend in Doyle’s Guide since 2019 for Property and Real Estate Law.