Maddocks advises Supalai on joint venture with Stockland for acquisition of $1.063 billion masterplanned communities
Maddocks has advised Supalai Australia Holdings, the Australian subsidiary of leading Thai real estate development company Supalai (SPALI), on a joint venture partnership with Stockland to purchase 12 masterplanned communities from Lendlease.
The projects are located in QLD, VIC, NSW and WA and will be acquired by the Stockland Residential Communities Partnership (SRCP), which is ultimately 49.9 per cent owned by Supalai Australia Holdings Pty Ltd.
Supalai was represented by long term advisors Gersh Investment Partners. Supalai is listed on the Thai stock exchange with a market capitalisation of around $A2 billion, and has been active in Australia since 2014. Supalai Australia Holdings has approximately $5 billion in end value across the 12 major residential development projects.
The Maddocks team was led by Development Partner Nick Holuigue, and Commercial Partners Jessica Reid, Michael Taylor-Sands, Chong Ming Goh and Ilan Kraus. In advising Supalai, the team worked closely with Gersh Investment Partners to advise Supalai Australia Holdings on the terms of its joint venture arrangement with Stockland and ongoing management of the assets.
Commenting on the transaction, Nick Holuigue said: “This is an important transaction for Supalai and one of the most significant transactions in the Australian land market in the last 12 months. Our cross-practice team was able to work together with Gersh Investment Partners to assist Supalai on this transaction and to build upon its existing and successful relationship with Stockland.”
Maddocks expands national IP practice with the appointment of new Special Counsel
Maddocks has appointed Elizabeth Ireland as a new Special Counsel to lead its growing national trade marks and brand...
Maddocks advises Ultra Violette on new US investment
Australian skincare brand Ultra Violette and its founders were advised by Maddocks on its new partnership
Maddocks appoints new special counsel to meet growing demand in banking & finance
Maddocks has appointed new Special Counsel to bolster its rapidly growing Banking & Finance Practice.
Maddocks establishes new Operational Excellence function to focus on client service
Maddocks has today announced the creation of a new function to drive the firm’s continued efforts to modernise.