M&A Advisory
K&L Gates
Full Credential Description
Real I.S. AG faced the challenge of establishing a diversified real estate in Australia, with a target volume of AUD400 million focused on core office properties in major cities. The firm sought to make its first significant acquisition to kickstart this strategy. K&L Gates provided tailored legal advice for Real I.S. AG's AUD85 million acquisition of a five-star NABERS-rated office building located on Waymouth Street in Adelaide's central business district. This acquisition was crucial as it marked the beginning of Real I.S. AG's investment journey in the Australian market, specifically for a group of institutional investors. The K&L Gates team, led by real estate partner Samuel Brown, offered comprehensive support throughout the acquisition process. This included advice on debt financing from partner Richard Gray, guidance on indirect tax matters from partner Matthew Cridland, and assistance with Foreign Investment Review Board (FIRB) compliance from partner Adam Levine. The collaborative effort ensured that Real I.S. AG could navigate the complexities of the Australian real estate market effectively. As a result of this strategic acquisition, Real I.S. AG is positioned to build a robust that not only meets the immediate investment goals of its clients but also enhances its presence in the Australian real estate sector. This first property acquisition is a significant step towards achieving their broader investment strategy, which may eventually include retail, hotel, and logistics properties.