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Holding Redlich facilitates investment fund launch for Burra Park acquisition in Badgerys Creek

07 March 24 - Media Release

National law firm Holding Redlich has acted for Richmond Bridge, UniSuper and ISPT in relation to the establishment of an investment fund for the acquisition of Burra Park, a major landholding in Badgerys Creek. 

The Burra Park property is 280 hectares in area and is located adjacent to the Western Sydney Airport site. 

Holding Redlich acted on the structuring of the fund to be managed by Richmond Bridge, and the capital raising from UniSuper and ISPT. 

The transaction is notable for its large size and for the short period between Richmond Bridge reaching a position of exclusivity on the property, negotiation of the co-investment arrangements, completion of the capital raising and completion of the land acquisition. 

It is anticipated that the Burra Park property will house manufacturing, warehouse and logistics tenants in more than 400,000 square metres of gross floor area with an expected completion value of over A$3.9 billion, potentially significantly more.

This is the latest in a series of transactions where Holding Redlich partner, Andrew Stone, has acted for Richmond Bridge.

“I am delighted for the Richmond Bridge team on achieving completion on the Burra Park transaction,” Andrew said. “Congratulations to Pete Wylie and his colleagues for successfully closing this transaction which once again demonstrates their institutional grade capabilities and impressive industry support.”

Pete Wylie, Richmond Bridge Founder and Chairman, credited Holding Redlich on its role in the transaction.

“Andrew and his team understand how to deliver significant, complex transactions and do so as genuine partners with Richmond Bridge,” Pete said. “Sincere thanks to Holding Redlich on another successful deal.”

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