Acquisitions & disposals
DibbsBarker property lawyers have acted for both vendors and purchasers in the sale and acquisition of hundreds of millions of dollars’ worth of major office and industrial buildings and shopping centres.
Clients include listed Australian Real Estate Investment Trusts and multinational corporations such as:
- Caterpillar Australia
- Charter Hall
- Elanor Investors
- Mater Hospital Brisbane
Our extensive experience in acquisitions and disposals has allowed us to refine our contract documentation and ensure a smooth transaction process from initial due diligence through to completion.
We advise on all manner of sales processes from private treaty to auctions, informal/formal expressions of interest, options to purchase and tenders. Across a range of industries and property types, we provide a seamless service which helps clients achieve a successful outcome.
We appreciate that in the current climate, property transactions are not just about negotiating a contract. They are about adopting a commercial approach to secure a sale and being flexible to achieve a settlement. Our partners and lawyers are always accessible and ready to deal with all manner of special conditions, due diligence requirements, negotiations with challenging purchasers, and the resolution of last-minute settlement complications. We employ innovative processes to secure the best outcome, from put and call arrangements to deferred settlement terms, lease-back arrangements, incentives and risk reallocation.
Innovative sales processes: We acted on the sale of a central Sydney office building worth in excess of $90 million for our client, completing the deal after extensive negotiation, by creating lease-back arrangements and option agreements.
Long-term relationships: We acted for a client on its sale of a former high school site. The transaction involved a number of complex elements including dealing with the GST treatment of the sale, negotiating and documenting an exclusive due diligence and access period, novating a Federal Government agreement and dealing with the cancellation of a voluntary planning agreement. Having worked with the client for over 15 years, our team was able to add value to the transaction by delivering efficiently, and balancing the needs of the various stakeholders.
Planning and environment implications for industrial properties: We acted for one of Australia’s largest A-REITs in their purchase of an industrial distribution facility valued at $344 million. The matter involved reviewing and advising on a number of diverse leases, undertaking general property title due diligence and advising on planning and environment aspects related to the site.