Media release: Clayton Utz advises investment vehicles sponsored by Morgan Stanley Real Estate Investing on second venture this year with Frasers Property
For the second time this year, Clayton Utz has advised investment vehicles sponsored by Morgan Stanley Real Estate Investing, the global private real estate investment management arm of Morgan Stanley, on expanding its capital partnership with Frasers Property, to include nine industrial properties located across New South Wales, Queensland and Victoria.
When added to the initial venture that took place earlier this year (read our media release here), this expansion to the parties' capital partnership boosts the portfolio value to ~$1.4 billion once fully developed.
Partner David Wilkie and Special Counsel Francis Yuan led the multidisciplinary Clayton Utz team with support from Partners Michael Richardson, Claire Smith, Lina Fischer, Kathy Santikos, Jerome Martin and Keshni Maharaj, Special Counsel, Tania Chahine, Senior Associates, Gina Yeung, Richard Siou, Jessica Lighton, Lauren Smith, Taryn Murphy and Min Seetoh, and Lawyers, Anna Sumsky, David Lean, Chelsea Tsang, Benjamin Park, Daylon Johnston, Denise Angelopoulos, Richard Clark, Riley Taylor, Erina Shahriyar and Jessica Chen.
David said:
"This transaction represents another significant milestone for MSREI as it expands its exposure to high-quality industrial assets in Australia. This expansion represents a further step for MSREI in capitalising on the long-term trend of supply chain diversification and its positive impact on industrial demand."
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