1 February 2023 • 2 minute read
DLA Piper advises on $300m build-to-rent Brisbane development
DLA Piper has advised QuadReal – a global real estate investment firm headquartered in Vancouver – in a joint venture with Lendlease to develop a $300m build-to-rent development in Brisbane.
“We were pleased to advise QuadReal on this significant build-to-rent project,” said Stephanie Lambert, Real Estate Partner, DLA Piper.
“The development is part of a multi-billion dollar pipeline of build-to-rent projects which are set to transform the Australian property market. We see significant upside for this asset class,” Stephanie said.
The state-of-the-art project – the first of its kind by Lendlease in Australia – is a 37 level, 443 unit, fully electric tower located in the Brisbane Showgrounds precinct. It comes with a 25 metre lap pool, studio and leisure facilities.
“Australia’s fledgling build-to-rent sector has a long way to run, but global institutional investors are eager to secure high-quality projects,” said Emma Kendall, Corporate Partner.
“The transaction demonstrates DLA Piper’s expertise in complex structured joint ventures that support these investments,” Emma added.
DLA Piper's team was co-led by Stephanie Lambert (Partner) and Emma Kendall (Partner), who were assisted by Michael Orban (Senior Associate) and Pippa Harley (Solicitor).
With over 500 real estate lawyers globally, DLA Piper’s real estate team is trusted by many of the world’s leading institutional investors, private equity funds, sovereign wealth funds, investment advisors, fund sponsors, public and private REITs, real estate developers, lenders, and national and multinational companies to handle their most important real estate matters.
“We were pleased to advise QuadReal on this significant build-to-rent project,” said Stephanie Lambert, Real Estate Partner, DLA Piper.
“The development is part of a multi-billion dollar pipeline of build-to-rent projects which are set to transform the Australian property market. We see significant upside for this asset class,” Stephanie said.
The state-of-the-art project – the first of its kind by Lendlease in Australia – is a 37 level, 443 unit, fully electric tower located in the Brisbane Showgrounds precinct. It comes with a 25 metre lap pool, studio and leisure facilities.
“Australia’s fledgling build-to-rent sector has a long way to run, but global institutional investors are eager to secure high-quality projects,” said Emma Kendall, Corporate Partner.
“The transaction demonstrates DLA Piper’s expertise in complex structured joint ventures that support these investments,” Emma added.
DLA Piper's team was co-led by Stephanie Lambert (Partner) and Emma Kendall (Partner), who were assisted by Michael Orban (Senior Associate) and Pippa Harley (Solicitor).
With over 500 real estate lawyers globally, DLA Piper’s real estate team is trusted by many of the world’s leading institutional investors, private equity funds, sovereign wealth funds, investment advisors, fund sponsors, public and private REITs, real estate developers, lenders, and national and multinational companies to handle their most important real estate matters.
