Australia's leading independent law firm, Corrs Chambers Westgarth is pleased to have advised Investa Commercial Property Fund and Manulife Financial Corporation on the acquisition of 39 Martin Place from Macquarie Group.
The project, which is being delivered as part of the Martin Place metro station, will create 30,000sq m of office space over 28 levels, as well as 2,000sq m of retail space in a prime Sydney CBD location. The build is expected to be completed in 2024.
The Corrs cross practice team, led by partners Peter Calov (Property & Real Estate), Chris Campbell (Property & Real Estate and Projects), Robert Clarke (Financial Sponsors Group), Simon Reid (Banking & Finance) and Mark Payne (Tax), advised both clients in the joint venture on all aspects of the acquisition.
Commenting on the deal, Peter Calov said, 'We are delighted to have worked with the Investa and Manulife teams on this landmark development, and we are excited to see the project being delivered over the coming years. The development reflects the strength and resilience of the real estate market in the Sydney CBD.'