Norton Rose Fulbright advises retail investor and manager Haben on Forest Hill Chase Shopping Centre acquisition

Australia Press release mayo 2023

Global law firm Norton Rose Fulbright has advised Haben Property Fund and the JY Group, on the acquisition of all of the units in the trust that owns the major regional Melbourne shopping complex, Forest Hill Chase Shopping Centre, from Blackstone.

The acquisition bolsters Haben’s more than $1.8 billion in retail property investments in Australia, with a focus on resilient income from convenience-based retailers and unlocking capital value from its investments. Forest Hill Chase has six major retailers as anchor tenants and more than 130 other specialty stores, as well as significant surrounding land parcels.

The Norton Rose Fulbright team advised on the corporate, real estate and tax aspects of the transaction, including conducting legal due diligence, reviewing and negotiating the unit sale agreement and other key transaction documents with the seller, and assisting with the completion.

Norton Rose Fulbright corporate M&A partner Ben Smits and real estate partner Justin Lucas commented:

“We are pleased to have worked closely with Haben to further its investment in high quality Australian retail property. This acquisition allows Haben to expand its Melbourne portfolio by adding a popular retail asset with significant future development potential.”

The Norton Rose Fulbright team was led by Ben Smits and Justin Lucas and supported by Haben relationship partner Michael French as well as partner Greg Reinhardt; special counsel Sally-Ann Rowland; and senior associate Igor Kungurov.

 

Norton Rose Fulbright has advised on a range of other recent deals including:

 

 

For further information please contact:

Alex Boxsell, Head of Digital, Communications & Experience, Norton Rose Fulbright in Australia

Tel: +61 (0)2 9330 8165  Cell: +61 (0)414 985 556

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