Gadens has acted for Singapore-based Rockworth Capital Partners in relation to its acquisition of the 28 level office tower at 390 St Kilda Road in Melbourne

 
Gadens has acted for Singapore-based Rockworth Capital Partners (Rockworth) in relation to its acquisition of the 28 level office tower at 390 St Kilda Road in Melbourne. Settlement of the sale occurred on 31 July 2017.

Gadens was engaged to undertake comprehensive due diligence investigations, negotiate the terms of the property sale agreement and attend to completion of the transaction. Gadens also provided specialist advice in relation to FIRB and tax aspects of the transaction.

Firms involved:                               Gadens (Rockworth)
Deal area:                                       Property
Practice groups involved:             Property and Tax

Key players:

Gadens partner Lui Scipioni led the team. Other lawyers involved in the transaction included Rebecca Sharman (Property), Michael Mercier (Property) and Philippa Gilkes (Tax).

Deal significance:

The tower boasts 28 levels, and the acquisition is part of Rockworth’s plans to expand its property portfolio in the region, adding to its existing Redbank Plains shopping centre asset and other retail and commercial assets across Australia.

Gadens partner Lui Scipioni says:

"We are pleased to have been able to assist Rockworth in expanding its property portfolio in Australia. Rockworth is one of Singapore's leading real estate investment management firms with an extensive portfolio of retail and commercial properties. This was a fantastic transaction to work closely with Rockworth on, as it involved bringing together the wide range of skills and expertise that are available within Gadens. We look forward to working again with Rockworth in the future."

 


This update does not constitute legal advice and should not be relied upon as such. It is intended only to provide a summary and general overview on matters of interest and it is not intended to be comprehensive. You should seek legal or other professional advice before acting or relying on any of the content.