Roberts Co.’s Acquisition of Victorian Assets from Probuild

King & Wood Mallesons has advised Deloitte on the voluntary administration and sale of Probuild’s Victorian business to Roberts Co., assisted by Norton Rose Fulbright.

As part of Roberts’ acquisition, Roberts have now taken over 6 of Probuild’s ongoing Victorian projects, worth more than $1.6 billion, and also taken on 152 Probuild staff as permanent employees of Roberts Co.

Pursuant to the sale agreement, Roberts Co will seize control of the following projects ? SP Setia’s UNO residential tower, PDG’s Elizabeth North headquarters, integrated fit out for CSL’s 18-storey flagship building at Elizabeth North, Woodlink’s 502 Albert Street hotel project, and ISPT’s 500 Bourke Street redevelopment. The terms of the sale also provide for continued employment of more than 150 Probuild head office and site employees.

Roberts Co is a boutique tier one construction company. 

Probuild is a licensed builder in SA, VIC, QLD, and NSW and an industry leader in the provision of insurance repair and property restoration.

The KWM team was led by Partner Samantha Kinsey (Picture) with support from Partners Amy Munro, Paul Schroder, Murray Kellock, Sam Dundas, Juliana Jorrisen, Travis Toemoe and Ian Solomon. 

Partner Emanuel Confos led the Norton Rose Fulbright’s projects and construction team in advising Robert Co on the novation of the contracts of all the five projects. He was assisted by partners Steven Choi, Harriet Oldmeadow, and Stephen Natoli.

 

Involved fees earner: Sam Dundas – King & Wood Mallesons; Juliana Jorissen – King & Wood Mallesons; Murray Kellock – King & Wood Mallesons; Samantha Kinsey – King & Wood Mallesons; Amy Munro – King & Wood Mallesons; Paul Schroder – King & Wood Mallesons; Ian Solomon – King & Wood Mallesons; Travis Toemoe – King & Wood Mallesons; Steven Choi – Norton Rose Fulbright; Emanuel Confos – Norton Rose Fulbright; Stephen Natoli – Norton Rose Fulbright; Harriet Oldmeadow – Norton Rose Fulbright;

Law Firms: King & Wood Mallesons; Norton Rose Fulbright;

Clients: Algeri Salvator; Donnelly Matthew; Orr David; Roberts Co; Tracy Jason;

Sonia Carcano

Author: Sonia Carcano