27 November 20 - Media Release
National law firm Holding Redlich has acted for Latrobe City Council in accepting a tender from the YMCA to operate the $57 million Gippsland Regional Aquatic Centre (GRAC).
The GRAC is a significant development for Latrobe City, set to provide industry leading programs to the community and create an additional 100 jobs once open, scheduled for early 2021.
The Holding Redlich team was led by partner Scott Schlink (Construction and Infrastructure), who applauded Latrobe City Council and YMCA’s ability to efficiently negotiate a facility management deal with a comprehensive risk and value sharing model, in the current climate.
“The GRAC is a landmark project for Latrobe City and we were privileged to have been able to help achieve a positive outcome for our client, and for the community,” Scott said.
The deal builds on Holding Redlich’s track record of successfully advising on local government construction and facility management contracts, having acted for Mornington Peninsula Shire on the $55 million Rosebud Aquatic Centre in 2019/2020.
Key deal details:
Firm: Holding Redlich
Deal: Facility management of Gippsland Regional Aquatic Centre
Value: $57 million
Area: Local Government
Key players: Holding Redlich partner Scott Schlink (Construction and Infrastructure) led the project and was supported by lawyers Constantine Mimigiannis and Samantha Parker
Deal significance: Latrobe City Council has accepted a tender from the YMCA to conduct facility management of the $57M Gippsland Regional Aquatic Centre, a landmark facility for Latrobe City