King & Wood Mallesons advises GE Capital's real-estate arm on portfolio sale
King & Wood Mallesons has advised GE Real Estate Investments Australia on its divestment of part of its office portfolio to Mirvac Group for approximately AU$584m as the business transitions its focus towards debt financing.
Under the deal, Mirvac will acquire five properties situated in Sydney’s central business district, as well as two A-grade landmark assets — Allendale Square in Perth and 90 Collins Street in Melbourne.
The King & Wood Mallesons team was led by real-estate partner Andrew Norman and senior associate Suzi Stanicic, who were supported by senior associate Mark Bayliss, and solicitors Jerome Martin and Andrew Cork.
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High Court decides: liquidators of insolvent landlords can disclaim leases with the effect of extinguishing the tenant’s leasehold interest
In Willmott Growers Group Inc v Willmott Forests Limited, the majority of the High Court upheld the Victorian Court of Appeal’s conclusion that the liquidators of an insolvent landlord can disclaim a lease.
Queensland recently brought an interlocutory application seeking a declaration that its laws were valid until a court finally determined otherwise.
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