McMahon Clarke is delighted to have advised Storeinvest on its partnership with leading global private markets firm Partners Group which is listed on the SIX Swiss Exchange.
StoreInvest, part of the StoreLocal Group, is Australia’s largest unlisted self-storage investment group with more than $300 million of assets across Australia and an active pipeline of new projects.
Partners Group has invested $100 million into a fund launched by StoreInvest which, along with another $10 million contributed by private investors, will be used to fund growth through acquisitions, new development, and expansion of existing facilities.
The McMahon Clarke team was lead by Funds Management partner Sean McMahon with support from Matt Moses (special counsel) and Jeunesse Meldrum (consultant) and Real Estate team members Mark Lyons (partner) and Luke Hefferan (lawyer).
"Having worked with StoreInvest since they began their business in 2009, we are extremely proud to have helped the StoreInvest team complete this complex transaction. The successful outcome will help grow StoreInvest’s investment platform for private and institutional investors to access the rapidly growing self‑storage sector," Mr McMahon said.
Our role involved: