Grace Quigley
Snr Adviser External Comms •
Sydney
Media release: Clayton Utz advises IKEA Australia on $163.75 mil Perth acquisition
1 minute
Clayton Utz is pleased to have advised Swedish multinational retailer IKEA on its acquisition of 6 Sunray Drive, Innaloo, encompassing Perth's only large format IKEA store for $163.75 million from GDI No.43 Property Trust.
The two-level, 27,000m² IKEA store includes showrooms, offices, a restaurant, Swedish food store, warehousing, and leased retail units.
Clayton Utz Perth partner Simon Taskunas led the firm's team, together with senior associate Regina Bradford, and with key support from stamp duty specialist partner Keshni Maharaj, lawyers Kevin Mateiu and Weitao Zhao, and graduate-at-law Mandy Truong.
Mr Taskunas said the firm was proud to have supported IKEA on the acquisition, which reflects the retailer’s long-standing presence in Australia.
"IKEA has been an iconic brand in Australia for 50 years, and this acquisition highlights its continued commitment to the Western Australian market. We are pleased to have advised IKEA on securing such a significant retail asset, and to have worked alongside them on this milestone transaction," Mr Taskunas said.
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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.