Phillips Fox has advised Tankstream Capital Limited and St.George Bank Institutional Property on the establishment and debt financing of the Tankstream Property Investments Fund, a new retail property security fund aimed at producing institutional-type returns to investors.
Its three executive directors, Phillip Baker, Simon Kidston and David Mackey, wholly own Tankstream Capital.
Phillips Fox Corporate Partner Andrew Mutton and Corporate Lawyer Elizabeth Mifsud acted for Tankstream Capital.
St.George provided acquisition and working capital facilities to the Fund.
Phillips Fox Finance Senior Associate, Ben Burney and Finance Lawyer, Hugo Thistlewood, acted for St.George Institutional Property (Andrew Faulk and Leanne Nelson).