Allens Arthur Robinson and Mallesons Stephen Jaques have advised on a $481 million joint venture between one of Singapore’s sovereign wealth funds and an Australian property development group.
Sydney-based Australand Property Group has set up a joint venture with state-owned GIC Holdings. Under the terms of the deal, which was signed 1 June, the Singaporean company has put up 80 percent of the investment and will have a commensurate interest in the joint venture. Australand will hold the remaining interest.
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