KWM advises Charter Hall on strategic real-estate acquisition

King & Wood Mallesons (KWM) has advised Charter Hall’s Core Plus Office Fund on its joint acquisition of FKP Property Group’s Gasometer 2 Brisbane office development with PSP Investments, one of Canada’s largest pension investment managers.

Under the deal, Charter Hall and PSP Investments will each acquire a 50 per cent share in the 23,400m2 office tower, which is currently under development.

The deal also includes a pre-commitment by the Bank of Queensland to lease 12,700m2 of the building’s office space for an initial 12-year period.

The KWM team was led by real-estate partners Sonya Harris and Stuart Dixon-Smith.