A multidisciplinary team based in Melbourne has acted for The GPT Group (GPT), a leading Australian real estate investment trust, and the GPT Wholesale Office Fund on their joint purchase of CBW for A$608 million from CBUS Property.
CBW, otherwise known as ‘Corner of Bourke and William’, is one of the largest recent developments in the city, comprising approximately 75,000 sqm of office space and 5,000 sqm of retail on the corner of two of Melbourne’s most central streets.
Norton Rose Fulbright partner Justin Lucas said it was the largest real estate deal that had been transacted in some time, and probably the largest in Melbourne this year.
“The deal further positions our firm as a leading adviser on large capital transactions,” he said.
The team was led by Justin Lucas (Partner, Real Estate), assisted by Victoria Pellicano (Special Counsel, Real Estate), Helen Coker (Associate, Real Estate) and James Oczko (Lawyer, Real Estate).
It was supported by a broader team that consisted of Nicole Bury (Senior Associate, Real Estate), Guy Albeck (Senior Associate, Real Estate) and Adrian Jones (Senior Associate, Real Estate), as well as Carol Daicic (Senior Associate, Planning) and Ben Davis (Senior Associate, Litigation).