MinterEllison has advised Axiom Properties Ltd on the deal.
Axiom sold its purpose-built South Australian Emergency Services State Command Centre to Charter Hall Social Infrastructure REIT for approximately $80 million.
The development, which is currently under construction, is due to be completed in October 2021. It will bring together four of South Australia’s emergency services agencies – the Metropolitan Fire Service, Country Fire Service, State Emergency Service and Fire and Emergency Services Commission – in a leasing agreement with the South Australian Government.
Under the deal, Charter Hall will acquire the site from Axiom, though Axiom will remain responsible for completing construction of the building and the car park. Development costs will be funded by Charter Hall as part of a fund through arrangement.
Adrian Swale (Picture) led the MinterEllison team who advised Axiom on this development. Mr Swale was supported by others in the MinterEllison team, including Stephen Hill, Sam McNeil, Joanne Staugas and Yvette Graetz.
Law Firms: Minter Ellison;
Clients: Axiom Properties Ltd;