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Media release

Mallesons acts on A$208m sale of Valad Property Group

Mallesons has acted for Valad Property Group on the proposed acquisition of 100% of Valad Property Group by the US private equity group Blackstone.

The transaction is to be implemented by way of a court ordered scheme of arrangement for the Valad company and an informal trust scheme for the Valad trust. As a stapled group Valad comprises a company and a trust both of which are listed on the ASX. It is expected that the proposed acquisition will be put to Valad securityholders for approval in July and, if approved, will become effective around the beginning of August.

The Mallesons team was led by partners Barry McWilliams and Ken Astridge and Senior Associate Scott Phillips.

Mr McWilliams said: "We are delighted to have been able to assist the Valad board and management in getting such a significant transaction to this stage. We are particularly pleased given the complexity of the Transaction resulting from Valad's diverse capital structure including its convertible notes and options and its range of property and funds management interests throughout Europe, Australia, the UK and New Zealand."

Media enquiries:

Elle Lowe
Senior Manager, Corporate Affairs
T +61 2 9296 3730
M +61 424 168 080​

Samantha Maslen
Manager, Corporate Affairs
T +61 2 9296 3349
M +61 428 469 566​