Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 01-03-2013 | Practice Area: | Corporate and M&A |
| Deal Title: | Lowy Family Group sale of interest in Westfield Retail Trust | Industry: | Real Estate Investment & Services |
| Description: |
Sydney: Leading international law firm Clifford Chance has advised the Lowy Family Group on the AD663.7 million sale of its 7.1 per cent interest in the ASX-listed Westfield Retail Trust.
The head of the Lowy Family, Mr Frank Lowy, is the co-founder and current chairman of the Westfield Group, which has interests in and operates over 100 shopping centres in Australia, New Zealand, the United States, the United Kingdom and Brazil, a portfolio valued at A$64.4 billion.
Partners Danny Simmons and Lance Sacks led the team advising the Lowy Family Group, assisted by senior associate Kane Barnett. Senior associate Laura Sheridan Mouton also assisted on US law-governed aspects of the transaction. All are based in Sydney.
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| Financial Center: | Sydney | Value: | 100.01-500.00 |
| Advised Party: | Vendor | Law Firm | Clifford Chance |
| Target Company Jurisdiction: | Australia | Acquiror Jurisdiction: | Australia |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Danny Simmons |
