Australia: Goulburn Street tower deal signed
Colin Biggers & Paisley has assisted property developer Poly Australia in its $270 million contract for the purchase of 59 Goulburn Street, Haymarket. The Sydney office tower was bought from Singapore-based SC Capital Partners.
Poly Australia was established in Sydney in 2015 and has since expanded across New South Wales, Victoria and Queensland.
Corporate and commercial partner Connie Chen who led the deal team said that, "The deal is significant because it forms part of Poly's plan to expand its asset management portfolio in Australia to include high quality real estate assets with strong value-add potential. In October 2019, we also assisted Poly Australia to complete its first debt fund transaction in line with its intention to move into providing property finance."
This deal follows the announcement last year that Colin Biggers & Paisley's Hotels, Tourism and Hospitality team had advised the purchaser in the $65 million acquisition of the Rydges Esplanade hotel in Cairns.
The Colin Biggers & Paisley Goulburn Street tower team was led by partner Connie Chen, and supported by the Deputy Head of the national property and development team, Duane Keighran, senior associate Morgen Kerry, corporate and commercial partner Jon Meadmore and special counsel Hamish Ratten, and banking and finance partner Kate Craig.
For more information please contact Linda Branton on 02 8281 4594 or mailto:email@example.com
About Colin Biggers & Paisley
Colin Biggers & Paisley was founded over a century ago. Today we are a legal practice with 69 partners and 480 employees. We are highly regarded for our expertise in construction, insurance, property, government, commercial litigation and dispute resolution, banking and finance, corporate and commercial, employment and safety, planning and environment, restructuring and insolvency, transport and logistics. We act for major corporations, financial institutions, insurance companies, government departments and individuals. We have both the capacity and the expertise to deliver on complex national and multinational projects.
Colin Biggers & Paisley is based in Brisbane, Melbourne and Sydney. Through our growing Middle East Practice and our affiliation with ADVOC Asia, ADVOC International, ADVOC Europe and ADVOC Latin America, we are able to offer access to quality legal advice around the globe.
We launched the Colin Biggers & Paisley Foundation in 2015, with a core focus on promoting and protecting the rights of women and children in Australia and abroad through an innovative mix of pro bono legal services, volunteering
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