Gurner-Qualitas’ A$1.2 Billion Build-To-Rent Development Fund

Arnold Bloch Leibler has advised Gurner and Qualitas in connection with their $1.2 billion build-to-rent development fund.

Gurner and Qualitas have successfully closed off a capital-raising campaign with almost $1.2 billion in the can for their joint build-to-rent platform.

The oversubscribed raising, which includes a cornerstone investment from a global sovereign wealth fund, is expected to fund development of the platform’s first 1700 apartments across projects in Sydney and Melbourne.

The first build-to-rent project under the joint platform will be the $450 million Parramatta project, a 385-apartment 61-storey tower on a 2049sq m site.

Gurner is a luxury property developer around Australia.

Qualitas Group is a real estate investment manager.

The ABL team was led by Banking and Finance partners Philip Chester (Picture) and Damien Cuddihy with Property & Development partner Dorian Henneron.  They were assisted by senior associate Genevieve Pope, and lawyers Natalie Thomas and Tamsen Kempster.

Involved fees earner: Philip Chester – Arnold Bloch Leibler; Damien Cuddihy – Arnold Bloch Leibler; Dorian Henneron – Arnold Bloch Leibler; Genevieve Pope – Arnold Bloch Leibler;

Law Firms: Arnold Bloch Leibler;

Clients: Gurner; Qualitas;

Sonia Carcano

Author: Sonia Carcano