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The needs of real estate investment trusts (REITs) are very different from traditional property and real estate clients.
Given the dynamic sector is subject to powerful market forces, the REITs sector needs lawyers who understand the needs of the retail and wholesale property trust market and who can effectively work with clients’ teams to deliver optimum legal and commercial results.
Corrs’ ability to assemble national project teams with the most appropriate legal expertise and to meet the REIT market’s unique requirements ensures seamless delivery of practical and effective business solutions for our clients.
Corrs advised Mirvac Funds Management on the establishment of the Mirvac Wholesale Residential Development Partnership (MWRDP). MWRDP’s portfolio consisted of multiple diverse excess of $1 billion.
Corrs advised Westpac on an innovative, highly geared $365million property trust to own the Westpac's new $670million Sydney headquarters.
Westpac raised an initial $182.5million, to be traded as 50¢ instalment receipts. The balance of $182.5million equity is due in November 2011.
Corrs advised daVinci Australia and daVinci Advisors, the largest private Japanese trust managing Y1 trillion, on the establishment of a A$300 million closed end listed fund to invest in Tokyo properties.
The Government has released the draft legislation and explanatory memorandum for the second and final tranche of its Future of Financial Advice (FOFA) reforms. Our earlier In Brief of 29 August 2011 discussed the first tranche of the FOFA reforms.
MoreCorrs advised Mirvac Funds Management on the establishment of the Mirvac Wholesale Residential Development Partnership (MWRDP). MWRDP’s portfolio consisted of multiple diverse excess of $1 billion.
Corrs advised Westpac on an innovative, highly geared $365million property trust to own the Westpac's new $670million Sydney headquarters.
Westpac raised an initial $182.5million, to be traded as 50¢ instalment receipts. The balance of $182.5million equity is due in November 2011.
Subsequently, Corrs acted for the responsible entity of the trust in a major restructure involving the renegotiation of the terms of the installment receipt structure and commencement of trading in Units in the Trust on the ASX.
Corrs advised daVinci Australia and daVinci Advisors, the largest private Japanese trust managing Y1 trillion, on the establishment of a A$300 million closed end listed fund to invest in Tokyo properties.
29th August 2011 |
The Government has released the draft legislation and explanatory memorandum for the second and final tranche of its Future of Financial Advice (FOFA) reforms. Our earlier In Brief of 29 August 2011 discussed the first tranche of the FOFA reforms.