DLA Piper act for Manulife in its acquisition of 39 Martin Place in Sydney
In a 50/50 joint venture with Investa Commercial Property Fund ("ICPF"), Manulife has agreed to acquire the right to a 100% interest in 39 Martin Place, Sydney from Macquarie Group Limited.
Global law firm advised Manulife in this venture.
Manulife is a Canadian multinational insurance company and financial services provider headquartered in Toronto, Ontario.
The acquisition of the building will build upon Manulife's continued focus on expanding across the Asia-Pacific region.
In a Press Release by DLA Piper, investment funds Partner Emma Kendall said "This deal recognises the premium position and cultural significance Martin Place holds in Sydney and Australian real estate. We applaud Manulife and ICPF's approach to green building status and are delighted to partner with Manulife on its investment of this new landmark commercial centre in Martin Place."
DLA Piper's team was led by Corporate partner Emma Kendall and senior associate Matthew Parkinson, Real Estate consultant Les Koltai, partner Kate Pickthall, special counsel Robyn Rogers and Tax partner Eddie Ahn.