24 July 2019
Clifford Chance advises China Merchants Capital on AU$350 million co-investment in the Propertylink Australian Logistics Trust II
Leading international law firm Clifford Chance has advised China Merchants Capital on their AU$350 million co-investment in a new investment management vehicle, the Propertylink Australian Logistics Trust II (PALT II).
A China Merchants Capital managed vehicle will hold 80% of PALT II and Propertylink, an Australia-listed warehouse and logistics facilities group, will hold the remaining 20%. PALT II will be managed by Propertylink, with the vehicle proposed to acquire warehouse and logistics facilities located in various locations on the east coast of Australia, in particular Sydney and Melbourne.
The matter was led by counsel Kane Barnett, alongside partner Lance Sacks, associate James Kwong and lawyer Emily Tsoi.
Speaking on the establishment of the vehicle Kane offers, "We are delighted to have assisted China Merchants Capital with this co-investment. We are continuing to see offshore investors partnering with local real estate managers that offer specialist expertise in various real estate sectors."