Deal profile | Gadens supports the development of new office laboratory facility at Adelaide Airport
27 April 2018
Gadens advised Barwon Investment Partners, for the Barwon Healthcare Property Fund, in relation to the acquisition of a leasehold interest of land at Adelaide Airport for the development and leasing of a purpose-built pathology warehouse and laboratory for Clinical Laboratories Pty Ltd. The Barwon Healthcare Property Fund launched in September 2014 and targets healthcare related properties such as hospitals, private specialist facilities, day surgeries & medical centres and other healthcare assets.
Gadens was engaged to advise on all property matters relating to the matters, including drafting and negotiating leasing and development and construction documentation with both Adelaide Airport and Clinical Laboratories.
Firms involved: Gadens (Acted for Barwon Investment Partners), Thomson Geer (Acted for Adelaide Airport Limited), HWL Ebsworth (Acted for Clinical Laboratories Pty Ltd), Cowell Clarke (Acted for Leyton Property)
Deal value: $15 million
Deal area: Real estate
Practice groups involved: Property, Construction and Planning
Key players: Gadens partner Andrew Kennedy led the team. Other lawyers involved in the matter include partner, John Kehoe (Construction) and senior associate, Sean Huggins (Property).
Contributing to the continued growth and success of the Adelaide Airport precinct, the new, state of the art development comprises of two-storey offices and a warehousing facility to accommodate Clinical Laboratories’ laboratory, logistics and administration activities. The development is set to contribute to the vibrancy and growth of the precinct and will present high quality office space that complements the existing Burbridge Business Park with a modern, contemporary design aesthetic.
Tom Patrick, Partner, Barwon Investment Partners says:
“I would like to extend my gratitude to the team at Gadens for the way they approached this deal and the result they have delivered for us. The team was commercial and solutions-focused and have an excellent understanding of the property market in Australia. This is a significant milestone for Barwon Investment Partners and would not have been achieved without their tremendous work and skill in achieving this result.”
For more information, contact:
Partner, National Head of Property
Tel: +61 3 9612 8265
Mobile: +61 419 303 615
Head of Business Development & Marketing
Tel: +61 3 9612 8285
Mobile: +61 415 500 753