Johnson Winter & Slattery represented Greenspot in the transaction.
Greenspot, a joint venture between the owners of Borg and Bettergrow, executed its acquisition of the Wallerawang coal-fired power station from EnergyAustralia.
Wallerawang power station is located just over 150 km west of Sydney and 14 km northwest of Lithgow in NSW. The Power Station opened in 1957 and remained an active coal fired power station until 2014.
Following the acquisition of the 450 hectare site, Greenspot proposes to carry out an extensive decommissioning, demolition and rehabilitation (DDR) program with plans to repurpose the site, and associated buffer lands, into an industrial facility. The facility will be fit for a variety of uses, including manufacturing and protected cropping food production businesses.
The purchase of the Wallerawang power station was a complex transaction involving multiple parties and numerous legal documents requiring negotiations. The purchase of the site by Greenspot provides an opportunity for the site to be used for a range of job-creating uses going forward, thereby generating significant economic activity in the local area and the broader region.
Greenspot is a joint venture between the owners of Borg and Bettergrow, two leading Australian businesses headquartered in New South Wales.
Johnson Winter & Slattery represented Greenspot with a team led by Partner Samantha Daly (Picture) with support from Associate Jemma Potezny.
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