Minter Ellison advises on sale by Lloyds banking group of Australian corporate real estate loans portfolio
June, 2012 - Sydney, New South Wales
Minter Ellison advised Lloyds International Pty Limited, whose subsidiaries BOS International (Australia) Limited and Capital Finance Australia Limited have entered into an agreement to sell a portfolio of Australian corporate real estate loans to AET SPV Management Pty Ltd (as trustee of the Lawson Trust) for approximately A$620 million. The purchaser is a joint venture of funds sponsored by Morgan Stanley Real Estate Investing and Blackstone Real Estate Partners.
Our advisory team was led by corporate partner Victoria Mathewson and included partners John Elias (Finance), Daniel Scotti (Corporate), Lindsay Powers (Dispute Resolution) and David McElhone (Real Estate).
Minter Ellison had previously advised Lloyds International on its first sale of distressed property loans (located in the Gold Coast), which took place in the second half of 2011 and was the first of its type in Australasia.
