Pinsent Masons Advised Sumitomo Mitsui Banking Corporation On Brisbane Build-To-Rent Project Financing
Pinsent Masons advised SMBC on green financing for Brisbane’s landmark build-to-rent housing project at 50 Quay Street.
Pinsent Masons Advised Sumitomo Mitsui Banking Corporation on Brisbane Build-to-Rent Project Financing
Multinational law firm Pinsent Masons has advised global bank Sumitomo Mitsui Banking Corporation (SMBC) on the creation and financial close of a syndicated green and affordable housing development facility to finance a landmark residential build-to-rent development in Brisbane’s CBD.
The facility will be utilised by specialty investment manager Cedar Pacific to develop the 50 Quay Street project, which will deliver 475 apartments in the heart of Brisbane. The project is part of a collaboration with the Queensland Government to boost social and affordable housing across the state.
The matter included advising on the negotiation of a Financier Side Deed with the State Government.
Commenting on the matter, Melanie Hunter said,
The Pinsent Masons team advising on the transaction was led by Melanie Hunter (Legal Director, Banking & Finance).
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