Massons

Case studies

Working for

Type of project

Sale of 13 assets across Australia

Location

13 commercial, industrial and shopping centre properties across Australia

National portfolio sale

Massons acted for Denison Funds Management Limited on its national portfolio sale to Propertylink. The $175 million portfolio sale completed in August 2016 and comprised 13 commercial, industrial and shopping centre properties across four states of Australia.

Massons advised Denison on all aspects of the sale (including vendor due diligence, structuring of the sale and jurisdictional specific requirements such as vendor disclosures). Massons had acted on the leasing of Denison’s national portfolio, prior to being instructed on the sale.

Matthew Burrows, CEO of Denison, said: “This transaction was executed in just five months, from the time of Board approval to settlement. This is testament to the work of not only our team, but to the  tenacity and outstanding problem solving skills of the Massons team.”

In the news:

The Australian – “Denison Funds Management offloads fund assets to Propertylink” (30 August 2016)

AFR – “Propertylink and Goldman Sachs buy Denison portfolio” (31 July 2016)

Lawyers Weekly – “Multimillion-dollar property portfolio sold (15 September 2016)”

Other case studies

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Enquiries

Phone: +61 2 8923 0900
Email: property@massons.com