M&A Finance
K&L Gates
Full Credential Description
Real I.S., a German real estate investment fund manager, faced the challenge of executing a significant sale in the competitive Australian office market. The client sought to divest the Australian Taxation Office (ATO) Building in Canberra, a transaction valued at A$290 million, which was crucial for their strategic management in the Australian Capital Territory. K&L Gates provided a tailored solution by leveraging their expertise in complex, cross-national transactions. The firm’s Sydney-based real estate partner, Samuel Brown, led a dedicated team that included senior associate Karen Yuan and associates Hourie Khdrlarian and Reilly King. They ensured that the transaction proceeded smoothly, collaborating effectively with Charter Hall and their legal advisors to facilitate the exchange and closing of the deal. The results of this collaboration were notable. The sale not only marked a significant transaction for the office sector in the region but also followed Real I.S.'s previous successful divestment of the Geosciences Building in 2022, which set a record for the highest sale price of any office building in the Australian Capital Territory. The bespoke service provided by K&L Gates allowed Real I.S. to navigate the complexities of the transaction with ease and efficiency, reinforcing their strong partnership for future endeavors.
Measurable Results
Successfully completed $290M transaction