Hines’ $211.5 Million Acquisition of Warehouse Portfolio

Johnson Winter & Slattery has advised Pipeclay Lawson Ltd on its sale of four Australian real estate assets to global investment firm Hines.

Global investment firm Hines has made its first series of industrial property acquisitions in Australia, snapping up a portfolio of four warehouses in Sydney and Brisbane for a combined $211.5 million from local fund manager Pipeclay Lawson.

Three of the properties are in large land sites in western Sydney (68 Anzac Street, Chullora; 13 Ferndell Street, South Granville; and 128 Russell Street, Emu Plains) and the fourth is in Brisbane’s Trade Coast precinct (55 Brownlee Street, Pinkenba).

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 255 cities in 27 countries.

Pipeclay Lawson Ltd is a specialist investment manager focussed on industrial real estate in Brisbane and Sydney.

The Johnson Winter & Slattery team was led by Partner David Colenso (Picture), working alongside Special Counsel Morgen Kerry and Senior Associate Rita Bradshaw.

 

Involved fees earner: Rita Bradshaw – Johnson Winter & Slattery; David Colenso – Johnson Winter & Slattery; Morgen Kerry – Johnson Winter & Slattery;

Law Firms: Johnson Winter & Slattery;

Clients: Pipeclay Lawson Limited;

Sonia Carcano

Author: Sonia Carcano