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Hamilton Locke Advises on Acquisition of Marketown Newcastle Shopping Centre

Hamilton Locke is delighted to announce it acted on behalf of Shopping Centres Australasia Property Group RE Limited on its $150.5 million off market acquisition of Marketown Shopping Centre Newcastle. Marketown includes 57 specialty tenants, including supermarkets Woolworths and Coles and other anchor tenants, including Dan Murphys, Liquorland and Big W.

The Hamilton Locke team advised on all aspects of the acquisition, including the undertaking of an extensive property due diligence, and negotiation of the contract for sale within a tight time-frame.

Hamilton Locke’s team was led by partner and Head of Real Estate Markets, John Frangi, who was closely supported by special counsel, Edwina Renshaw, senior associate, Chafeka Elias and paralegal, Bobby Nader.