Allens advises Mirvac on $1.8bn build-to-rent fund
Allens has advised Mirvac on the establishment of its $1.8 billion build-to-rent (BTR) fund, including an investment from the Federal Government’s Clean Energy Finance Corporation.
'Mirvac is a pioneer in the BTR sector in Australia, and Allens has been a part of that journey since 2018. This landmark transaction establishes the first BTR fund in this country with both operational assets and a pipeline of development assets. The fund will make an important contribution in helping to address Australia's housing crisis,' said co-lead partner Tim Chislett.
'The establishment of Mirvac's BTR fund reflects the increasing levels of investor appetite for BTR as an asset class, fuelled by recent Commonwealth and State Government initiatives to support the sector. It's been a great privilege for us to work alongside Mirvac on this transaction, which will help shape the future of housing in Australia,' said co-lead partner Penny Nikoloudis.
Allens legal team
Funds
Penny Nikoloudis (Partner), Mai Go (Senior Associate), Jamil Diu (Senior Associate), Jin Pang (Associate), Andrew Panaccio (Associate), Tom Chow (Associate), Adriano Carnevale (Associate), Laura Newman (Lawyer)
Real Estate
Tim Chislett (Partner), Sam Fisher (Senior Associate), Kelly Rankin (Senior Associate), William Rennick (Senior Associate), Isabella Radau (Lawyer), Lachlan Helme-King (Lawyer), Ilaria Bigaran (Lawyer)
Finance
Jo Folan (Partner), Robert Lau (Senior Associate), Flynn O'Byrne-Inglis (Associate), Cara Kenny (Lawyer)
Corporate
Wendy Rae (Partner), Mark Malinas (Partner), Andrew Wong (Counsel), Daniel Conti (Senior Associate)
Construction
David Donnelly (Partner), Benjamin van Weel (Senior Associate), Soha Refaat (Associate)
IP
Tim Golder (Partner), Nick Li (Senior Associate), Stefan Ladd (Associate)