David Wilkie

Clayton Utz
Partner Sydney

David is a very experienced lawyer and this experience is invaluable when issues arise on transactions as he has undoubtedly seen it all before.

– Chambers

Overview

David is a market-leading lawyer trusted for his adept commercial and legal judgment in public/private mergers, acquisitions/divestments, equity investments, project developments, joint ventures and more. He is a trusted adviser to global private equity giants, leading developers and sovereign wealth funds, with deep expertise in real estate and infrastructure. David also regularly advises the NSW Government on major infrastructure projects in the transport and healthcare sectors. His deep-seated involvement in complex, multinational transactions and projects reflects a consistent commitment to delivering exceptional outcomes and client service.

Notable Work
  • Blackstone:

    • Advised on its A$8.9 billion acquisition of Crown Resorts Limited by way of scheme of arrangement, its largest investment in the Asia Pacific at the time, and one of its largest globally.

    • Advised on its A$3.8 billion dual track disposal of the "Milestone" industrial logistics portfolio, comprising 45 industrial assets across five states. This transaction is Australia's largest-ever direct property transaction.

    • Advised on its A$2.1 billion acquisition of a 50% interest in Dexus Australian Logistics Trust, which holds 77 premium-grade logistics assets concentrated in Sydney and Melbourne.

    • Advised on its A$500+ million acquisition of Student One, a portfolio of purpose-built student accommodation in Brisbane, and the related operating business.

  • Blackstone and Brookfield: Advised on their $1+ billion sell-down of their interests in the Southern Cross Towers in Melbourne.

  • JPMorgan: Advised on their acquisition of an additional 33.7% interest in North Queensland Airports, comprising Cairns Airport, Mackay Airport and the Mackay Airport Hotel, at an enterprise value of approximately A$3 billion.

  • Morgan Stanley Real Estate Investing:

    • Advised on various development fund-through arrangements, including:

      • Development of a healthcare asset in Victoria with Centuria Capital on a fund-through basis.

      • Office development of 664 Collins Street, Melbourne, with Mirvac on a fund-through basis.

      • Industrial development of Calibre, 60 Wallgrove Road, Eastern Creek, with Mirvac on a fund-through basis.

    • Advised on its A$210 million healthcare joint venture with Centuria Capital, comprising a portfolio of three seed assets across three states.

    • Advised on it’s ~A$168 million acquisition of 4 industrial properties in New South Wales and Victoria from Frasers Property.

    • Advised a Morgan Stanley–sponsored investment vehicle on its acquisition of an approximately A$600 million capital partnership with Frasers Property, comprising a 50% interest in a portfolio of warehouse assets across New South Wales and Queensland.

  • Members of APP Funds: Advised members of Lendlease-managed funds, including the Australian Prime Property Fund Commercial, Australian Prime Property Fund Retail and Australian Prime Property Fund Industrial, on a range of corporate and governance matters.

  • Realterm Australia Management Pty Ltd: Advised global investment manager Realterm on the formation of its joint venture with Swiss-based global private equity firm Partners Group, leading to its acquisition of an industrial outdoor storage facility in Chipping Norton, Sydney.

  • Invesco Real Estate:

    • Advised on its A$800 million acquisition of a 50% interest in the development of One The Esplanade on a fund-through basis.

    • Advised on its entry into a strategic joint-venture fund, the Stockland Land Lease Partnership (SLLP1), to support the development of approximately 1,190 homes across three land lease communities in NSW and Queensland, representing around A$760 million in development value and expected to generate approximately A$1.1 billion in gross development revenue.

    • Advised on its corporate restructure and the associated selldown of multiple investment vehicles, with an aggregate transaction value of approximately A$150 million.

  • Mitsui Fudosan:

    • Advised on its entry into the Australian real estate market, including its joint ventures with Frasers Property Australia to develop four buildings in Midtown MacPark, a new urban village in Macquarie Park, NSW, slated to contain over 3,000 apartments when complete.

    • Advised on its strategic joint venture with one of the largest property groups in Australia in relation to the Mambourin masterplanned community in Victoria, involving the subdivision and development of residential and medium-density lots and associated facilities valued at approximately A$104 million.

    • Advised on its two proposed joint venture arrangements entered into with one of the largest property groups in Australia, in connection with the development of masterplanned communities in New South Wales valued at approximately A$235 million.

  • Frasers Hospitality: Advised on its A$200 million acquisition from LaSalle Investment Management and A$315 million disposal of the Sofitel Sydney Wentworth to KKR. At the time of the disposal, this transaction was Australia's largest single-asset hospitality deal.

  • Mitsubishi Estate Asia: Advised on its acquisition from Lendlease of a 30% interest in the development of the Salesforce Tower at Sydney Place.

  • Sovereign Wealth Funds:

    • Advised on the establishment of joint venture investment funds, including a A$1.1 billion tactical club for the purposes of investing in a range of deep-value real estate opportunities across APAC.

    • Advised on the repositioning of two key assets through the development of two upper-upscale hotels.

  • China Investment Corporation: Advised CIC on its A$2.45 billion acquisition of Investa Property Trust. At the time of the acquisition, this transaction was Australia's largest-ever direct property transaction.

  • EG Funds: Advised on the establishment of a A$400 million property investment fund with GIC, focusing on revitalising commercial real estate assets and neighbourhoods in Sydney and Melbourne.

  • Sunshine Insurance: Advised on its landmark A$463 million acquisition of Sheraton on the Park.

  • NSW Government:

    • Advised on complex infrastructure projects, including on:

      • The sale of the WestConnex Project, the largest integrated transport and urban revitalisation project in Australia.

      • Australia's first Viral Vector Manufacturing Facility and RNA Research and Pilot Manufacturing Facility.

    • Advising on complex healthcare projects, including:

      • The establishment of the new A$658 million Minderoo Children's Comprehensive Cancer Centre in Randwick, the first children's comprehensive cancer centre in Australia.

      • The construction and establishment of the A$650 million Sydney Biomedical Accelerator in Camperdown, a first-in-Australia, world-class biomedical research innovation precinct tackling some of the world's most complex healthcare challenges, such as cancer and neurodegenerative disease.

      • The establishment and implementation of the Single Digital Patient Record, a landmark initiative that consolidates a patient’s complete medical history into a single, comprehensive record, delivering a secure, holistic and integrated view of patient care across the NSW Health system.

  • TOPPAN Holdings Inc.: Acted as Australian counsel for TOPPAN Holdings Inc. on its US$1.8 billion acquisition of Sonoco Products Company's Thermoformed & Flexible Packaging business.

  • Dye & Durham: Advised on its proposed A$3.5 billion takeover of Link Group by way of scheme of arrangement.

  • Bright Ruby: Advised on its A$442 million acquisition of the Sydney Hilton Hotel.

Insights
Media release: Clayton Utz advises investment vehicles sponsored by Morgan Stanley Real Estate Investing on second venture this year with Frasers Property
5 Dec 2025 | Media Release
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Media Release: Clayton Utz advises an investment vehicle sponsored by Morgan Stanley Real Estate Investing on ~$600m capital partnership with Frasers Property
28 Apr 2025 | Media Release
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Build to rent: regulatory change paving the way for foreign and domestic investment
26 Sep 2024 | Article
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Media Release: Clayton Utz advises Mitsui Fudosan on its largest acquisition in Australia
10 Jul 2024 | Media Release
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Media release: Clayton Utz advises Invesco Real Estate on its strategic partnership with Stockland to deliver greater housing supply in Australia
12 Jun 2024 | Media Release
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Whether an offence "involves dishonesty" or not in the automatic disqualification of company directors
23 May 2024 | Article
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Media Release: 'Net zero exceptionalism' drives foreign interest in local energy transition
22 Mar 2024 | Media Release
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Media Release: Clayton Utz advises NSW Government on new company to operate world-leading viral vector manufacturing facility
4 Mar 2024 | Media Release
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Media Release: Clayton Utz congratulates MA Financial on its acquisition of Four Points by Sheraton Hotel in Melbourne's Docklands
16 Feb 2024 | Media Release
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Media Release: Clayton Utz congratulates Realterm on its joint venture with Partners Group leading to the acquisition of Sydney industrial outdoor storage facility
5 Feb 2024 | Media Release
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Parliament signals a comprehensive review of corporate insolvency law in Australia
20 Sep 2023 | Article
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Determining "current market rent" under the Retail Leases Act 1994 (NSW): what standards must a valuer meet?
7 Jul 2023 | Article
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ASIC releases and clarifies its corporate finance priorities for the coming quarter
24 May 2023 | Article
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M&A Report November 2022
24 Nov 2022 | Article
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Media Release: Clayton Utz congratulates Blackstone on successful implementation of Crown Resorts scheme
24 Jun 2022 | Media Release
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M&A Report 2022
11 May 2022 | Article
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Media Release: Clayton Utz advises on two winning Deals of the Year at IJGlobal Awards - Asia Pacific
10 Apr 2019 | Media Release
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Clayton Utz congratulates clients shortlisted for global accolades at prestigious Partnership Awards
6 Mar 2017 | Media Release
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