Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised the Mirvac Group (Mirvac) on its joint venture with Mitsubishi Estate Asia (MEA) to undertake and fund the development of Harbourside, a mixed-use redevelopment in Sydney, expected to be valued at over A$2 billion once completed.
Mirvac, a leading Australian property group, and MEA, will jointly undertake and fund Harbourside, a redevelopment on the Darling Harbour waterfront in Sydney. The development will include office spaces, a shopping precinct, luxury apartments, and public domain.
Led by partners David Ellenby, Adam Foreman, Lucy Carter and Rachel Richardson, Corrs advised on all aspects of the transaction with support from a range of experts across the firm’s real estate, corporate, projects, banking and finance, and tax practices.
Commenting on the matter, lead partner David Ellenby said: “We are delighted to advise Mirvac on this significant development opportunity that will reshape the Darling Harbour precinct.
“The transaction exemplifies Corrs’ reputation as a trusted adviser in large-scale property capital transactions, and the team’s expertise in complex, cross-practice matters.
“Corrs' involvement with the Harbourside precinct dates back to 2013 when engaged by Mirvac to assist with the initial acquisition of the Harbourside Shopping Centre. Corrs has continued to work with Mirvac on various aspects relating to this landmark mixed-use development over the last 13 years and the transaction complements the continuing work by Corrs (led by partners Paul Carrick and Natalie Bryant) including in respect of delivery of the project, title structuring, off the plan residential sales contracts and lease pre-commitments.”