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Darren Anderson

LLB, BCom

Partner - Brisbane

Areas of Expertise

Property & Real Estate

Expertise

Darren is a partner in our Property & Real Estate team and specialises in the following areas within the property industry:

  • large scale property and business transactions,
  • comprising due diligence, acquisitions, disposals and financing of those transactions in commercial property, tourism and health and aged care sectors
  • commercial and retail leasing
  • structured community title development including mixed use development
  • liquor licensing and gaming
  • rural acquisitions and disposals.

Experience

Darren has extensive experience in large scale property transactions, commercial and retail leasing, plain English drafting of property documentation, due diligence for acquisitions, disposals and finance transactions, structured community title developments, land valuation disputes and resumptions.

His recent major projects experience includes:

Major acquisitions and disposals

  • acted in the due diligence and subsequent acquisition of 400 George Street, Brisbane (value in excess of $520 million). This involved separate acquisition agreements with co- owners of the property including a unit acquisition in a unit trust together with a direct property acquisition
  • acted in the land and asset acquisition of a major retirement village, North Turramurra, New South Wales (value in excess of $50 million)
  • acted in the acquisition of 310 Ann Street, Brisbane including subsequent lease up (project value in excess of $200 million)
  • acted in the due diligence of a $1.5billion commercial property portfolio held in Brisbane, Sydney, Melbourne and Perth including:
        • reviewing leases in respect of major CBD properties in Brisbane, Sydney, Melbourne and Perth
        • undertaking and reporting on due diligence search enquiries in respect of those properties
        • reviewing and advising on co-ownership agreements
        • reviewing and advising on easements and statutory covenants
  • acted in the disposal of a 50% interest in the Northpoint Tower, 100 Miller Street, North Sydney (value in excess of $300 million)
  • acted on behalf of developer in the lease up and subsequent sale of Santos Place (32 Turbot Street, Brisbane) to Malaysia’s largest fund manager for more than $280 million
  • acted in the sale of 313 Adelaide Street, Brisbane (value in excess of $90 million)
  • acted in the sale of 286 Sussex Street, Sydney (value in excess of $50 million)
  • acted in the sale of 527 Gregory Terrace, Brisbane (value in excess of $30 million)
  • act in the sale of Bundall Corporate Centre on the Gold Coast (value in excess of $80 million)
  • acted in relation to the acquisition or disposal of a number of prominent retail and commercial investment properties in Queensland, including 300 Ann Street; 229 Elizabeth Street; 46 Charlotte Street; 10 Browning Street, South Brisbane; The Mathers Centre, Queen Street; 127 Creek Street; 355 Queen Street; Terrace Office Park, Fortitude Valley and Taringa Central in Brisbane; 1 Cavill Avenue, Surfers Paradise; and Mt Sheridan Plaza, Cairns.

Commercial and retail leasing

  • acted on behalf of the landlord in relation to the lease of 299 Adelaide Street, Brisbane to the Department of Immigration (Cth)
  • acted on behalf of the developer in the lease up of Santos place, 36 level commercial office tower in Brisbane CBD with a NLA of 34,000+M2, including the lease to the anchor tenant, Santos
  • acted on behalf of the landlord in relation to the lease up of 310 Ann Street, Brisbane including leases to the 2 major tenants - Allianz and the State of Queensland
  • acted on behalf of the landlord in relation to the lease to Woolworths, Spring Hill Marketplace.

Rural

  • acted for the seller in the disposal of one of the largest sheep stations in Australia, a 500,000 hectare plus holding in south west Queensland
  • acted on behalf of the proposed tenderer for the Kidman property portfolio. This included negotiating and finalising:
  • joint venture agreement with Chinese JV partner
  • bid documentation to acquire the Kidman shareholding.

Project finance

  • providing structural advice and review of finance documentation for the funding of a property investment portfolio (excess $100million).

Health

  • acted on behalf of the HCA Group in relation to the merger of that group with Nova Health Limited, as a listed health group. The work included:
        • project managing the legal aspects of the sale of the HCA Group to Nova
        • reviewing and advising in relation to finance documentation associated with the transaction
        • drafting contracts, leases and other associated documentation in respect of the transfer of property assets from HCA to a relevant property trust and the lease back of those properties to Nova.

Residential and mixed use developments

Acted in relation to the development and strata title of the following developments:

  • Mon Terre Ridge Estate (flat land
  • development Sunshine Coast)
  • The Hub Apartments (Fortitude Valley)
  • South Central (South Brisbane)
  • The Capitol Apartments (South Brisbane)
  • Baxter St Apartments (Fortitude Valley)
  • Admiralty Towers (Brisbane CBD)
  • Rothbury on Ann (Brisbane CBD – Heritage listed)
  • Royal Albert (Brisbane CBD – Heritage listed)
  • Royal Harbour (Nite Markets and All Suite
  • Strata Hotel) (Cairns)
  • Manor Apartments (Newspaper House) (Brisbane CBD – Heritage listed).

Liquor licensing and gaming

  • acted in the acquisition of the Cairns Court House Hotel and its subsequent resumption
  • acted in the acquisition of the Normanby Hotel, Brisbane.