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Allens acts for GIC on Salta industrial portfolio acquisition

20 September 2010

Allens Arthur Robinson (Allens) has acted for GIC Real Estate (GIC), the real estate arm of the Government of Singapore Investment Corporation, on the purchase of a portfolio of industrial properties around the country from the Salta Property Group.

Allens brought together a team from Sydney, Melbourne, Brisbane and Perth – including lead Partner Nicholas Cowie, lead lawyer Sonya Oberekar, Senior Associates Teresa Lusi, Julie Soon, Michelle Davies, Jacqui Roper and Matti Bechler and a team of lawyers to help through all stages of the due diligence, sale contract negotiations and FIRB approval.

'We were very pleased to be able to assist GIC in its first direct investment in Australian industrial property and on a transaction which is one of the most significant industrial transactions in Australia this year,' said Mr Cowie.

'Carrying out due diligence and contract negotiation across four jurisdictions required our national team.

Allens legal team Nicholas Cowie (Partner – Sydney), Sonya Oberekar (Lawyer – Sydney), Teresa Lusi (Senior Associate – Perth), Michelle Davies (Senior Associate – Brisbane), Jacqui Roper (Senior Associate – Brisbane), Matti Bechler (Senior Associate – Melbourne) and Julie Soon (Senior Associate – Sydney)

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Notes for editors.

Allens Arthur Robinson has staff in 14 cities and eight countries across the Asia Pacific.