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Funds Management Services

Transactions and Acquisitions

Our long-term involvement in the funds management sector means we have a deep knowledge of the regulatory and governance regime and not just the commercial aspects of a fund. We understand the complex fiduciary responsibilities of trustees, particularly the regulatory issues for registered schemes.

Examples of our work:

140 St Georges Terrace (Perth)

Lead legal adviser to Primewest Group (now Centuria) on the acquisition of 140 St Georges Terrace (Perth), alongside BlackRock, the world’s largest asset manager, and the appointment of Primewest Group to provide management services with respect to the property, including establishing the Primewest 140 STG Trust, the Primewest entity which co-invested alongside BlackRock.

IntegraPay

Advising on the share sale to a US-based competitor funded by a global private equity investment firm, one of the largest in the US, including lengthy negotiation due to the COVID-19 economic impact, as well as a corporate restructure of multiple entities within the group, the registration of trade marks in Australia and overseas, and the variation of the group’s AFS licence.

Perth Markets restructure

Advising One Funds Management Limited (trustee of the Perth Markets Land Trust) on restructuring the Perth Markets, a stapled structure which owns and operates the fresh food markets in Canning Vale (WA) (valued at $180 million), carried out by way of two interlinked schemes – a trust scheme by way of application for judicial advice and a scheme of arrangement.

GIC Private Limited (formerly Government of Singapore Investment Corporation)

Advising and negotiating on behalf of Primewest Management an agreement with GIC, a sovereign wealth fund established by the Government of Singapore to manage Singapore’s foreign reserves. GIC has chosen Primewest for mandates worth up to $800 million to invest in the Perth and Brisbane office markets. 

Hotel property fund

Advising a hotel property fund manager on structuring and establishing an unlisted property fund to acquire three hotels in Tasmania, including establishing the fund, drafting the information memorandum, undertaking all property due diligence, and reviewing finance documents.

Centuria 80 Grenfell Street Fund

Assisting Centuria Property Funds Limited to launch the Centuria 80 Grenfell Street Fund, a single-asset, closed-ended unlisted property fund investing in a 50 percent interest in a premier A-grade office tower located at 80 Grenfell Street in the Adelaide CBD, including advising on establishing the fund, registration and offer of investment to retail clients, and developing a new exit mechanism for investors.

Primewest Group

Advising Primewest Group (ASX:PWG) (now Centuria), one of Australia’s largest property fund managers, on investment in the Home Investment Consortium Trust established to acquire the Masters property portfolio ($725 million).

Planum Capital

Advising Planum Capital on structuring and establishing the Planum Footscray Fund, including advising on its debt funding for, and acquisition of, 90 Maribyrnong Street, Footscray, Victoria.

Listed alternative asset manager

Advising on real estate acquisitions and transactions for an Australian-based diversified alternative asset manager specialising in private equity, private real estate, hedge funds, and real assets.



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Contact McMahon Clarke

Brisbane
T +61 7 3239 2900
A Level 7, 100 Creek Street, Brisbane Qld 4000

Melbourne
T +61 3 9909 1400
A Level 2, 696 Bourke Street, Melbourne Vic 3000