Ashurst has advised on the sell-side of Ascot Capital Limited’s (Ascot Capital) portfolio sale of 27 industrial and commercial properties across Australia, working together with our colleagues at Lewis King Law.
With properties in each Australian State and Territory, the portfolio sale is one of the most complex property portfolio asset sales this year, and will be one of the largest by deal value.
Ascot Capital Limited is a Western Australian company specialising in property development and facilities management across Australia and around the world. The firm has an impressive track record in all facets of property development, including complex IPOs.
The Ascot Capital sale portfolio is 75 per cent weighted to the eastern seaboard and is mostly comprised of logistics assets plus one six-level office building in Canberra. 24 of the properties were acquired by GPT Group, with three of the properties acquired by MA Financial Group.
The Ashurst team was led by partner Andrew Gay, who comments, “We are very pleased to have worked with our friends and colleagues at Lewis King Law on the sale by Ascot Capital Limited of part of their property investment portfolio, with assets across each Australian State and Territory. It has been a really strong year for Ascot Capital. We have historically advised on many of their acquisitions of the portfolio assets over the years, and we look forward to continue working with them – and with our friends at Lewis King Law – into the future.”
Andrew was assisted by senior associate Andra Lang, associates Mitchell Caubo and Jordan Soresi, and graduates Daniel Lucanus, Laura Mwiragua and Katherine Swann; partners Andrew Deane, Jason Cornwall-Jones and Damian Salsbury, senior associate Edwina Tynan and Kate Ferguson, associates Alex Pasquale, Madeleine Noonan, Samantha Marsh, Danica Colli and, Georgina Garrett (Real Estate); with partner Geoffrey Mann and associate Alice Kim (Tax).
