Allegra’s A$40 Million Disposal Of Properties In Sydney

Herbert Smith Freehills has advised Allegra on the A$40 million disposal of the properties it owns in 66 Hunter Street, Sydney, which host the iconic fine dining Rockpool Bar & Grill and Spice Temple restaurants.

Situated across from what will be the new Martin Place Metro Station, the building located at 66 Hunter Street comprises 2,000 square metres of prime retail space, set inside the historic 1936 City Mutual Life Trust Building.

Allegra is actively looking to be involved in new transactions in the Australia and New Zealand markets including its acquisition of a mixed use office and retail building in 2018 located at Queen Street, Auckland leased to among others Louis Vuitton, Rolex and Gucci. Allegra is also interested in the logistics market and is actively looking for opportunities in that sector.

The Herbert Smith Freehills team was led by Real Estate partner, Nicholas Cowie (Picture), supported by solicitor Maxwell Wu and senior licensed conveyancer Suzanne Telfer.

Involved fees earner: Nicholas Cowie – Herbert Smith Freehills; Suzanne Telfer – Herbert Smith Freehills; Maxwell Wu – Herbert Smith Freehills;

Law Firms: Herbert Smith Freehills;

Clients: Allegra European Holdings;

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Author: Michael Patrini