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Expertise

Peter has broad experience in all aspects of property practice and acts, and has acted, for many of Australia’s largest private and public property developers and investors.

Peter specialises in:

  • major property sales and purchases, and associated due diligence and sale preparation
  • development and joint venture agreements for retail, commercial, residential and industrial projects
  • infrastructure agreements
  • structuring master-planned developments
  • body corporate law and management rights
  • major property leasing, including managing shopping centre and commercial building leasing teams
  • managing residential property sales by developers
  • retirement villages and manufactured home parks
  • hotel developments and sales and purchases and hotel agreements.

Experience

Peter’s experience includes:

Major sale and purchase transactions for shopping centres

  • purchase and redevelopment of of Aspley Hypermarket, purchase of Brisbane Myer Centre, purchase of Chermside Shopping Centre and sale of Australia Fair Shopping Centre Southport.

Major sale and purchase transactions for office buildings

  • 60 Edward Street Brisbane, 260 Queen Street Brisbane, 300 Queen Street Brisbane, 150 Charlotte Street, Brisbane, 384 Edward Street Brisbane and Coronation Drive Office Park Milton.

General planning and development and infrastructure advice

  • negotiating legislation changes needed to resolve titling issues for Bretts Wharf Hamilton and Hope Island Resort
  • acted for the Mirvac trust in the acquisition of the Aspley Hypermarket under a sale and development agreement. The property was acquired from three vendors all variously related to the major tenant (Pick and Pay Hypermarket). The sale terms included a redevelopment and extension of the property, and the transfer of the major tenancies to the Coles Group. The vendor carried out the development for the purchaser on fund through terms
  • acted for MEPC Australia Pty Ltd in the sale of a portfolio of seven commercial buildings in one line, comprising the Coronation Drive Office Park towers and 60 Edward Street, Brisbane, to AMP. The sale process included the review of the properties in anticipation of the expression of interest campaign and purchaser due diligence, followed by the negotiation of the interdependent sale contracts and completion of the conveyance
  • acted in the sale of a half-interest five commercial office buildings in one line for Westpac, including 60 Martin Place, Sydney. The total value of the sale exceeded $250m, and comprised of three NSW properties, one Perth property, and one Brisbane property. This involved the preparation and negotiation of the five interdependent contracts and completion of the conveyances
  • acted for the project developer in the sale of the Central Park Chippendale office and hotel under interdependent contracts. Exchange took place prior to construction of the buildings at a total value exceeding $200m. The two properties are part of a mixed use development with management statements regulating the relationship between the various elements of the total development. The sale had to allow for construction of the buildings and title registration on agreed terms, and the property sales were to be separate. However, purchasers were both related and interdependent. Sale terms were provided for the lease of the commercial building and implementation of the hotel management agreements with the Starwood Group. Sale arrangements for the hotel property included the negotiation of financier deeds and the implementation by the vendor of a triple net lease structure for the ownership of the hotel business, with the lessee to be sold to the hotel purchaser are part of the sale terms
  • acted for a vendor client in the sale of a portfolio of industrial properties in Queensland, ACT and South Australia with a total value exceeding $100m. The vendor client were various subsidiary entities of the Walker Group and portfolio properties were sold to 360 Capital and Investec. Several properties in the portfolio were subject to ongoing development, therefore the sale terms included development agreements, price adjustment provisions and umbrella terms for interdependency
  • advised on the acquisition of the Marconi site in North Ryde and subsequent disposal to the Macquarie Goodman Trust. This was an agreement to lease to CSC Australia for development of their new Australian headquarters. The transaction included the put and call option to secure the site acquisition, the negotiation of the agreements with the major tenant, and the novation and development agreement with the purchaser
  • formed a development agreement between the Minister for Economic Development Queensland, Redland City Council and the Walker Group for an estimated $3b redevelopment of the Toondah Harbour at Cleveland, Queensland. This agreement included extensive preconditions in relation to approvals under the Environmental Protection and Biodiversity Conservation Act, negotiation of an Indigenous Land Use Agreement, state tenure requirements and planning approvals and provisions to control development, and financial returns and financing rights for the developer
  • acted for the Walker Group in regards to the acquisition of the office tower at 150 Charlotte St Brisbane, including development agreement terms and on-sale. The vendor was Stockland and the purchaser was CIMB (Singapore). The transaction included the negotiation of purchase terms, a development agreement for the refurbishment and lease up of the building, and negotiation of the agreement for lease for a tenant who was to occupy 80% of the floors in the building. It also included renegotiation to convert the on-sale into a direct sale from Stockland to CIMB in order to improve duty outcome.

Publications

23 May 2018 - Blog

Residential Focus - 23 May 2018

#Property & Real Estate

No licence? No worries: In Precise Builders (NSW) Pty Ltd v Jones & Krel [2018] NSWCATAP 112 the New South Wales Civil and Administrative Tribunal (the Tribunal) Appeal Panel held that a lack of licence was no barrier to the preferred outcome under s.48MA of the Home Building Act 1989

22 May 2018 - Blog

Confusion as indigenous cultural heritage “Last Man Standing Rule” thrown out

#Government, #Property & Real Estate

The Department of Aboriginal and Torres Strait Islander Partnerships (DATSIP) has responded to the Queensland Supreme Court’s decision in Nuga Nuga Aboriginal Corporation v Minister for Aboriginal and Torres Strait Islander Partnerships [i] (the Nuga Nuga Decision) by no longer recognising that the last registered claimants for an area are the Aboriginal party, unless and until a new native title claim is registered or determined.

21 May 2018 - Blog

What's News in Property & Real Estate? - 21 May 2018

#Property & Real Estate

PCA: Infrastructure boost needs to lead to plans for great cities: The Property Council has heralded the big infrastructure boost confirmed in today’s Federal Budget but called for this to be leveraged into a stronger plan to create great cities and support a growing Australia