Allens has advised Transpacific Industries Group Limited (TPI) on its $165 million acquisition of the Melbourne Western Landfill from Boral Limited.
The Melbourne Western Landfill operates in airspace created by Boral's quarrying activities at the site, which will continue to operate separately. TPI and Boral have entered into agreements based on an upfront cash payment and annual payments from TPI to Boral over the long term which will align both companies' interests.
The Allens team was led by Corporate Partner Robert Pick, and brought together a team from the firm's Corporate, Property, Environment and Projects practices.
'This strategic acquisition and the long term relationship with Boral at the Melbourne Western Landfill will help deliver on an integral component of TPI's overall growth strategy' said Mr Pick.
'It has been terrific to work with TPI's dynamic senior management team on this important transaction, which secures TPI's long term position in its largest market.'
Allens legal team
Robert Pick – Partner (Corporate); Chris Schulz – Partner (Property and Environment); Meg Lee – Managing Associate (Property and Environment); Penny Alexander – Senior Associate (Projects); Liz Fernando – Senior Associate (Property); Jarrod Woodward – Associate (Corporate); Emily Johnstone – Lawyer (Property).
Ends
Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.