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.