Banking & Finance: Property Finance
Asia-Pacific Guide 2024 : Australia
Band 4
Email address
[email protected]Contact number
+61 3 9252 2555About
Provided by Gadens
Gadens’ Banking & Finance Team has extensive expertise and experience across the full range of banking and finance transactions including secured and unsecured facilities, bilateral loans, club facilities, syndicated facilities, subordinated and mezzanine financing including related intercreditor arrangements, domestic and cross-border financings.
Work highlights:
- CBR Development Group - Gadens acted for developer CBR Development Group in an A$66.5m senior construction facility with National Australia Bank and A$10.6m mezzanine facility with Wingate in respect of the residential apartment project known as 'Promenade' consisting of 199 apartments and 2 commercial lots over 31 levels and 150 car parking spaces in Box Hill, Victoria.
- Commonwealth Bank of Australia - Gadens acted for the Commonwealth Bank of Australia on an A$260m facility to Sentinel Property Group for the acquisition of Casuarina Square, Darwin, NT and Caneland Central, Mackay, QLD shopping centres.
- CVS Lane - Gadens acted for CVS Lane in respect of an A$20.275m senior syndicated facility providing development finance to construct 53 independent living units and community recreation facilities for a retirement village in Mango Hill, Queensland.
- MaxCap - Gadens acted for MaxCap on an A$56m land facility provided to the DD Living Group for the “Burly Residences” development, a 25-level premium beachfront tower with 100 luxury apartments and resort style amenities.
Chambers Review
Gadens is noted for its strong domestic practice with a prominent regional capability. The banking and finance team acts primarily for major domestic banking institutions, especially in matters relating to real estate, property and construction finance, including structured and syndicated finance. The team also advises borrowers on the financing agreements for real estate acquisitions and developments. The law firm operates within the institutional bank, corporate bank, commercial bank, business bank, retail bank and self-managed superannuation fund markets. Its key clients include Commonwealth Bank of Australia, CBR Development Group and Centuria Bass.
Work Highlights
- Gadens acted for IDA Property Finance in a AUD76 million facility to fund the acquisition of land parcels in Werribee, in Victoria.
Strengths
Provided by Chambers
"They are responsive to our queries and provide timely assistance, with good expertise across their legal platform. They always provide us with sound commercial advice."
"Gadens understood all key deliverables. Key areas of expertise were introduced as required, with proactive service always available on short notice."
"They are responsive to our queries and provide timely assistance, with good expertise across their legal platform. They always provide us with sound commercial advice."
"Gadens understood all key deliverables. Key areas of expertise were introduced as required, with proactive service always available on short notice."
Notable Practitioners
Kenneth Tang concentrates on large and complex deals in the acquisition finance space. He is noted for his considerable experience in unitranche financing, as well as funds.
Ranked Lawyers at
Gadens
Australia
Clients
Provided by Gadens
Asset managers
Banks
Non-bank financiers
Offshore lenders
Private equity houses
Property developers
Superannuation funds
Unlisted corporate borrowers
Industries
Provided by Gadens
Financial services, healthcare, manufacturing, funds management, hotel/ hospitality and real estate & construction where we are experts in Australia