Artboard 1Icon/UI/CalendarIcons/Ionic/Social/social-pinterestIcon/UI/Video-outline

Portfolio sale set to bolster Tassie tourism

03 June 21 - In the News

Publication: Lawyers Weekly
Publisher: Momentum Media

National law firm Holding Redlich has advised on the sale of RACT Destinations tourism portfolio of hotels and marine tourism services.

Firm: Holding Redlich

Deal: Sale of RACT Destinations tourism portfolio of hotels and marine tourism services.

Value: Undisclosed

Area: Commercial and residential property, commercial

Key players: The legal team advising on the deal comprised Holding Redlich partner Ron Eames, senior associate Grace Wimberley, associate Megan Cumming and lawyer Samantha Moores.

Deal significance: According to a statement from Holding Redlich, the transaction represents a significant disposal of RACT’s iconic tourism portfolio in Tasmania to NRMA “which signifies confidence in Tasmania’s tourism industry”.

Commenting further Holding Redlich partner Mr Eames said: “The sale by our client RACT, is a significant part of RACT’s strategy within Tasmania and we were privileged to have been able to help.

“This was a challenging and rewarding transaction to be a part of and great to see RACT and NRMA negotiate such a significant deal.”

Share this

You might be interested in

26 June 2025 - Media Release

Holding Redlich announces 24 promotions including four new partners

Holding Redlich is pleased to announce the promotion of 24 lawyers, including four senior lawyers to partnership, reinforcing the firm’s commitment to internal growth and recognition. These promotions will take effect on 1 July 2025.

24 June 2025 - Media Release

Holding Redlich launches firm-wide pilot of Cicero AI in partnership with Automatise

Holding Redlich has begun a major pilot of Cicero, an AI litigation platform developed by Australian legal-tech company Automatise.

10 June 2025 - Media Release

Holding Redlich boosts national planning and environment capabilities with two new partners

Holding Redlich appoints two new partners across its Melbourne and Brisbane offices, growing its national capabilities in planning and environment - Wendy Evans in Brisbane and Andrew Iser in Melbourne.