Arnold Bloch Leibler has advised boutique fund manager IP Generation in the one of the largest retail property transactions since the pandemic: a $300 million portfolio of Sydney and regional NSW neighbourhood shopping centres from businessman Paul Lederer.
IP Generation has scooped up the Lederer shopping centre portfolio for $300 million after entering an agreement for six “land-rich” neighbourhood centres across Sydney and regional NSW.
The portfolio includes shopping centres Lederer Corrimal, Lederer Cessnock, Imperial Centre in Gosford, Richmond Mall, Goulburn Marketplace and Lederer Miranda in Sydney.
The malls will be added to IP Generation’s retail portfolios, which includes the $81-million Mildura Central Shopping Centre purchased from Vicinity Centres in April, 2021.
JLL national retail investments team Nick Willis and Sam Hatcher brokered the deal.
IP Generation, founded three years ago by Chris Lock, is an investor and
boutique fund manager of commercial
real estate which employs a
management intensive, private equity
style approach to acquiring and
running its portfolio of investments.
The ABL team was led by Property and Development partner, Tyrone McCarthy (Picture) and Banking & Finance partner Ben Mahoney. Newly-appointed Corporate and M&A partner Rebecca Zwier assisted with the corporate due diligence. The team also included: Senior associate Brianna Youngson, Senior associate Genevieve Pope and Lawyer Tamsen Kempster.
Involved fees earner: Tamsen Kempster – Arnold Bloch Leibler; Ben Mahoney – Arnold Bloch Leibler; Tyrone McCarthy – Arnold Bloch Leibler; Genevieve Pope – Arnold Bloch Leibler; Brianna Youngson – Arnold Bloch Leibler; Rebecca Zwier – Arnold Bloch Leibler;
Law Firms: Arnold Bloch Leibler;
Clients: IP Generation ;