Media release: Clayton Utz advises Goodman Group on the sale of Moorabbin Airport

The acquiring consortium comprises Aware Super, Rest Super and MassMutual, with Goodman Group retaining a minority interest in the new ownership group, reflecting its ongoing commitment to the Airport and Precinct.

Moorabbin Airport, located across 294 hectares in Melbourne’s southeast, is Australia’s second busiest airfield and a leading general aviation training airport.

The Airport supports critical aviation, freight and emergency services infrastructure and is home to more than 250 businesses, including Kingston Central Plaza, DFO Moorabbin and Chifley Business Park.

The Clayton Utz team was led by Infrastructure and Projects partner Andrew Leece and Corporate M&A partner David Wilkie.

They were supported by a large multidisciplinary team across all aspects of the transaction, including Competition partners Bruce Lloyd and Sian Ooi, Corporate M&A special counsel David Indula, senior associate Dane McKeen, lawyers Luke Zahra and Tessa Chui and other specialists.

Commenting on the transaction, lead partner Andrew Leece said:

“This is a landmark transaction in the Australian property and infrastructure sectors."

"The sale reflects the exceptional value that Goodman has created at Moorabbin and highlights Clayton Utz's capabilities in delivering complex, market-leading real estate and infrastructure transactions."

"We are delighted to have assisted Goodman in achieving this outstanding outcome.”