Herbert Smith Freehills has advised UGL Limited (ASX:UGL) on the completion of the sale of its global property services business, DTZ, to a consortium comprising TPG Asia, Inc, PAG Asia Capital and Ontario Teachers’ Pension Plan (together TPG and Partners) for A$1.215 billion. The deal was signed on 14 June 2014 and closed on 5 November 2014. More >>
Tags: Herbert Smith Freehills LLP | Brisbane | Sydney
DLA Piper has advised Thailand-based hospitality group Dusit International on its role in the development of a AU$550 million golf and spa resort in Brookwater, Queensland. Dusit will provide technical and consultative expertise during the development phase, and operational capability during the operations phase.
The Dusit Thani Brookwater Golf & Spa Resort phase one of development will include 168 apartments with private plunge pools, a recreation club with lagoon pools, lap pools and water slides, a gym, bridal centre, four restaurant, lobby lounge, executive club and a Devarana Spa. Food markets and events spaces will also form part of the first phase, which is valued at AU$110 million and is expected to be completed in the third to fourth quarter of 2016. More >>
Tags: DLA Piper | Bangkok | Brisbane
Clyde & Co’s Australian presence has grown with the opening today in Brisbane of a fourth Australian office, with the lateral hire of three partners from Australian firm Sparke Helmore. The firm is looking to hire a further 20 lawyers in Brisbane this year which will boost the firm’s staff in Australia to over 100.
The team comprising Matthew Pokarier, Jacinta Long and Maxine Tills will focus on all classes of insurance (particularly professional, directors and officers’, product and general liability) as well as commercial litigation – with significant experience across the insurance, accounting, financial services, engineering, construction and corporate sectors. More >>
Tags: Clyde & Co LLP | BrisbaneHerbert Smith Freehills is pleased to have advised Arrium Limited (Arrium) on its A$754 million fully underwritten pro-rata accelerated renounceable entitlement offer including retail rights trading (“PAITREO”) and institutional placement (Offer), announced to the ASX on 15 September 2014. More >>
Tags: Herbert Smith Freehills LLP | Brisbane | Melbourne | Perth | Sydney