King & Wood Mallesons acts on GPT Group’s Erina Fair interest divestment

King & Wood Mallesons real-estate team has acted on the GPT Group’s divestment of a 50 per cent interest in the Erina Fair shopping centre for approximately A$397.1m.

The law firm advised Lend Lease Management, which had the investment mandate on behalf of the purchaser. Following settlement in June 2013, the remaining 50 per cent stake in the shopping centre, located on the New South Wales Central Coast, will remain owned by Australian Prime Property Fund — Retail, a Lend Lease wholesale fund.

The King & Wood Mallesons team was led by partners Sue Kench, John Sullivan and Ken Astridge, supported by senior associates Roger Clarke and Natalie Kurdian.