Adam is experienced in advising local and overseas property developers, landlords, tenants, owners corporations and private clients on a wide range of development and property related projects and transactions. Adam’s current projects include large and boutique green-acre and apartment developments. Adam also has extensive experience in property-based commercial transactions including the sale and purchase of licensed hotels and apartment management rights transactions.
Advising a Singaporean publicly listed company, World Class Global in the acquisition and all aspects of the development of two major Melbourne city sites known as Australia 108, Southbank and AVANT. Australia 108, Melbourne’s tallest tower and containing approximately 1,100 apartments, multiple commercial spaces and market leading recreational facilities. Adam advised on all aspects of the acquisitions, negotiation of the terms of contract, due diligence, finance agreements and issues including foreign investment review board approval. Subsequent assistance has been provided in the appointment of key consultants and builders, owners corporation structuring, including the commercialisation of leasing management rights sales and marketing needs as WCG delivers this iconic Melbourne project and managing more than $1 billion of its residential sales. Adam personally handled the legal aspects of the sale of the Australia 108 penthouse for $25 million, the most expensive apartment sale in Australia's history at the time.
Little Green Project
Acting for AMEX Corporation on the $90 million sale of its Little Green Project in Tarneit to Peet Limited. This transaction involved the legal project management of the actively-trading project at the same time as negotiating and settling the sale, which included the sold and unsold stages of the Project.
Acting for Australian-based residential apartment developers including Riverlee, Neometro, Urban DC on projects ranging in size from 30 to 240 apartments. Advice included drafting master off-the-plan sale contracts, owners corporation structuring (including car stackers and complex recreational facilities), negotiating and drafting s173 agreements with local government and all other associated issues.
Green-acre land developments
Acting for land developers such as Lovely Banks Development Group, Peet Limited, Evolve Development, AMEX Corporation, Asset1, Burbank/National Pacific Properties and ID Land in respect to large master-planned land projects in Melbourne and Geelong's growth corridors. Advice include drafting master contracts of sale, Growth Areas Infrastructure Contribution Structuring and applications, display village and medium density site sales and other matters including ACCC third line forcing notifications. Lovely Banks will be a world-class new suburb of Geelong and comprises the majority of the Geelong’s Northern Growth Area.
Sale of Prince of Wales Hotel
Acting for the vendor of the multiple businesses operated in the Prince of Wales Hotel complex under multiple liquor licences, including drafting and negotiating the contracts of sale, variations and transfers of the liquor licences and a development agreement for the construction of apartments on the commercial car park site.
Maddocks appoints four partners in latest round of promotions
Maddocks continues to grow with the appointment of four new partners and the promotion of 43 lawyers from 1 July.
Duty on default interest - Recent Supreme Court decision and potential implications for developers
This decision could have significant implications for the assessment of duty on property transfers.
Section 9AC of the Sale of Land Act – Lessons for developers from a new case
Restrictions resulting from COVID-19 and absent foreign buyers, has caused banks to impose limits.